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PPP Loan Data — Crossroads Of Western Iowa, In,
Council Bluffs, IA
Crossroads Of Western Iowa, In
Entity: Corporation
Industry: Other Individual and Family Services
Location: Council Bluffs, IA
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Crossroads Of Western Iowa, In is a corporation located at 1851 Madison Ave Ste 718 in Council Bluffs, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,494,961.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 392 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
392Loan Approved:
2020-04-09Lender:
MIDSTATES BANK, NATIONAL ASSOCIATIONCrossroads Of Western Iowa, In received a Paycheck Protection Loan of $2.49M through MIDSTATES BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Crossroads Of Western Iowa, In's total 2019 payroll expenses were approximately $11.98M in order to qualify for the PPP loan amount received.
Based on their reported 392 jobs retained, this equals an estimated average yearly compensation of $30,551 per employee1.
Business Information - Crossroads Of Western Iowa, In in Council Bluffs, IA
1851 Madison Ave Ste 718
Council Bluffs, IA 51503
Business Industry
Other Individual and Family Services (NAICS code 624190)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: IA-03Similar Companies near Council Bluffs
In the Council Bluffs area, 4 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 106 employees (compared to this company's 392) and received an average PPP loan of $670,478 (compared to this company's $2.49M).
Similar Nearby Businesses Who Received PPP Funding:
Wings Of Hope Cancer Support Center, Inc
Council Bluffs, IA
Family Connections, Inc,
Council Bluffs, IA
Alice Spence, LLC
Council Bluffs, IA
Industry PPP Comparison Statistics
Nationwide, 15,794 businesses in the "Other Individual and Family Services" industry received a total of $2,302,146,944.00 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 17 employees, 96% lower than Crossroads Of Western Iowa, In's reported 392 employees, and received an average PPP loan of $145,761, 94% lower than this company's loan of $2.49M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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