PPP Loan Data — Cora Services Inc, Philadelphia, PA
Cora Services Inc is a non-profit organization located at 8540 Verree Rd in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,975,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Santander Bank, National Association
Cora Services Inc in Philadelphia, PA received a Paycheck Protection Loan of $1.98M through Santander Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Cora Services Inc's 2019 payroll expenses are estimated to be at least $9.48M.
Based on their reported 367 jobs retained, this equals an estimated average yearly compensation of $25,831 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cora Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,975,000
Business Information - Cora Services Inc in Philadelphia, PA
8540 Verree Rd
Philadelphia, PA 19111
Child and Youth Services
NAICS code 624110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Philadelphia
In the Philadelphia area, 6 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 367) and received an average PPP loan of $342,483 (compared to this company's $1.98M).
Similar Nearby Businesses Who Received PPP Funding:
Sitter Select LLC
Dina Edma Petion
Industry PPP Comparison Statistics
Nationwide, 14,718 businesses in the "Child and Youth Services" industry received a total of $1.94B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 18 employees, 95% lower than Cora Services Inc's reported 367 employees, and received an average PPP loan of $132,042, 93% lower than this company's loan of $1.98M.
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Footnotes & Information
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