FederalPay.org
PPP Loan Data — Directions For Mental Health Inc,
Clearwater, FL
Directions For Mental Health Inc
Entity: Corporation
Industry: Administration of Public Health Programs
Location: Clearwater, FL
Tweet This
•
Search All PPP Data
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:
Jobs Retained:
216Loan Approved:
2020-04-09Lender:
VALLEY NATIONAL BANKDirections 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.
Business Information - Directions For Mental Health Inc in Clearwater, FL
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-13Industry 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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!