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PPP Loan Data — Directions For Mental Health Inc, Clearwater, FL

SBA PPP loan data, payroll data, and salaries for Directions For Mental Health Inc
FL

Directions For Mental Health Inc

Entity: Corporation

Industry: Administration of Public Health Programs

Location: Clearwater, FL

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Directions For Mental Health Inc is a corporation located at 1437 S. Belcher Road in Clearwater, Florida that received a Coronavirus-related PPP loan from the SBA of $3,582,143.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.58M

Jobs Retained:

216

Loan Approved:

2020-04-09

Lender:

VALLEY NATIONAL BANK

Directions For Mental Health Inc received a Paycheck Protection Loan of $3.58M through VALLEY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Directions For Mental Health Inc's total 2019 payroll expenses were approximately $17.19M in order to qualify for the PPP loan amount received.

Based on their reported 216 jobs retained, this equals an estimated average yearly compensation of $79,603 per employee1.

Because the loan received by Directions For Mental Health 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 - Directions For Mental Health Inc in Clearwater, FL

Directions For Mental Health Inc
1437 S. Belcher Road
Clearwater, FL 33764

Business Industry

Administration of Public Health Programs (NAICS code 923120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-13

Industry PPP Comparison Statistics

Nationwide, 494 businesses in the "Administration of Public Health Programs" industry received a total of $124,700,995.00 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, 89% lower than Directions For Mental Health Inc's reported 216 employees, and received an average PPP loan of $252,431, 93% lower than this company's loan of $3.58M.

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.

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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/directions-for-mental-health-inc-clearwater-fl