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PPP Loan Data — Cumberland Heights Foundation, Inc., Nashville, TN

SBA PPP loan data, payroll data, and salaries for Cumberland Heights Foundation, Inc.
TN Nonprofit Organization

Cumberland Heights Foundation, Inc.

Entity: Non-profit Organization

Industry: Outpatient Mental Health and Substance Abuse Centers

Location: Nashville, TN

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Cumberland Heights Foundation, Inc. is a non-profit organization located at 8283 River Road Pike in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,968,703.00 in April, 2020.

The company has reported itself as a female owned non-profit, and employed at least 397 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.97M

Jobs Retained:

397

Loan Approved:

2020-04-10

Lender:

FIRST FREEDOM BANK

Cumberland Heights Foundation, Inc. in Nashville, TN received a Paycheck Protection Loan of $3.97M through FIRST FREEDOM BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Cumberland Heights Foundation, Inc.'s total 2019 payroll expenses were approximately $19.05M in order to qualify for the PPP loan amount received.

Based on their reported 397 jobs retained, this equals an estimated average yearly compensation of $47,984 per employee1.

Because the loan received by Cumberland Heights Foundation, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Cumberland Heights Foundation, Inc. in Nashville, TN

Cumberland Heights Foundation, Inc.
8283 River Road Pike
Nashville, TN 37209

Business Industry

Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: TN-05

Similar Companies near Nashville

In the Nashville area, 2 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 203 employees (compared to this company's 397) and received an average PPP loan of $2,054,412 (compared to this company's $3.97M).

Similar Nearby Businesses Who Received PPP Funding:

Cumberland Heights Professional Associates
Nashville, TN

$140,120 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,494 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,342,170,180.00 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 24 employees, 94% lower than Cumberland Heights Foundation, Inc.'s reported 397 employees, and received an average PPP loan of $244,297, 94% lower than this company's loan of $3.97M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/cumberland-heights-foundation-inc-nashville-tn