PPP Loan Data — Convoy Of Hope, Springfield, MO
Convoy Of Hope is a non-profit organization located at 330 S Patterson Ave in Springfield, Missouri that received a Coronavirus-related PPP loan from the SBA of $3,633,700.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 210 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CENTRAL BANK OF THE OZARKS
Convoy Of Hope in Springfield, MO received a Paycheck Protection Loan of $3.63M through CENTRAL BANK OF THE OZARKS, which was approved in April, 2020.
Based on standard PPP eligibility rules, Convoy Of Hope's total 2019 payroll expenses were approximately $17.44M in order to qualify for the PPP loan amount received.
Based on their reported 210 jobs retained, this equals an estimated average yearly compensation of $83,056 per employee1.
Business Information - Convoy Of Hope in Springfield, MO
330 S Patterson Ave
Springfield, MO 65802
Civic and Social Organizations (NAICS code 813410)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MO-07
Similar Companies near Springfield
In the Springfield area, 10 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 210) and received an average PPP loan of $488,669 (compared to this company's $3.63M).
Similar Nearby Businesses Who Received PPP Funding:
Boys & Girls Club Of Springfield, Inc.
Drew Lewis Foundation Inc
Crisis Nursery Of The Ozarks, Inc
Oasis Refuge, Inc.
4 The World Resource Distributors
Girl Scouts Of The Missouri Heartland, Inc.
The Rainbow Network, Inc
Industry PPP Comparison Statistics
Nationwide, 11,463 businesses in the "Civic and Social Organizations" industry received a total of $1,562,132,328.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 16 employees, 92% lower than Convoy Of Hope's reported 210 employees, and received an average PPP loan of $136,276, 96% lower than this company's loan of $3.63M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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