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PPP Loan Data — Desert Aids Project, Palm Springs, CA

SBA PPP loan data, payroll data, and salaries for Desert Aids Project
CA

Desert Aids Project

Entity: Professional Association

Industry: Other Social Advocacy Organizations

Location: Palm Springs, CA

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Desert Aids Project is a professional association located at 1695 N Sunrise Way in Palm Springs, California that received a Coronavirus-related PPP loan from the SBA of $2,725,236.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.73M

Jobs Retained:

168

Loan Approved:

2020-04-30

Lender:

BBVA USA

Desert Aids Project in Palm Springs, CA received a Paycheck Protection Loan of $2.73M through BBVA USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Desert Aids Project's total 2019 payroll expenses were approximately $13.08M in order to qualify for the PPP loan amount received.

Based on their reported 168 jobs retained, this equals an estimated average yearly compensation of $77,864 per employee1.

Because the loan received by Desert Aids Project 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 - Desert Aids Project in Palm Springs, CA

Desert Aids Project
1695 N Sunrise Way
Palm Springs, CA 92262

Business Industry

Other Social Advocacy Organizations (NAICS code 813319)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-36

Industry PPP Comparison Statistics

Nationwide, 5,930 businesses in the "Other Social Advocacy Organizations" industry received a total of $1,048,421,927.00 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, 90% lower than Desert Aids Project's reported 168 employees, and received an average PPP loan of $176,800, 94% lower than this company's loan of $2.73M.

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.

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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/desert-aids-project-palm-springs-ca