PPP Loan Data — Cumberland Heights Foundation, Inc., Nashville, TN
Cumberland Heights Foundation, Inc.
Entity: Non-profit Organization
Location: Nashville, TNTweet This • Search All PPP Data
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
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.
Business Information - Cumberland Heights Foundation, Inc. in Nashville, TN
8283 River Road Pike
Nashville, TN 37209
Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional 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
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.
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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