PPP Loan Data — Creekside Mental Health Counseling Services, PLLC, Oswego, NY
Creekside Mental Health Counseling Services, PLLC
Entity: Limited Liability Company (LLC)
Location: Oswego, NYTweet This • Search All PPP Data
Creekside Mental Health Counseling Services, PLLC is a limited liability company (LLC) located at 335 W 1st Street in Oswego, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:KeyBank National Association
Creekside Mental Health Counseling Services, PLLC in Oswego, NY received a Paycheck Protection Loan of $25,000 through KeyBank 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 January, 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, Creekside Mental Health Counseling Services, PLLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,333 per employee1
Reported PPP Proceed Usage:
On the PPP application, Creekside Mental Health Counseling Services, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Creekside Mental Health Counseling Services, PLLC in Oswego, NY
335 W 1st Street
Oswego, NY 13126
Offices of Mental Health Practitioners (except Physicians)
NAICS code 621330
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 35,652 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a total of $1.26B 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 4 employees, 56% lower than Creekside Mental Health Counseling Services, PLLC's reported 9 employees, and received an average PPP loan of $35,352, 41% higher than this company's loan of $25,000.
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Footnotes & Information
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