PPP Loan Data — GHA Autism Supports, Albemarle, NC
GHA Autism Supports
Entity: Non-profit Organization
Location: Albemarle, NCTweet This • Search All PPP Data
GHA Autism Supports is a non-profit organization located at 213 N Second St in Albemarle, North Carolina that received a Coronavirus-related PPP loan from the SBA of $1,731,848.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
GHA Autism Supports in Albemarle, NC received a Paycheck Protection Loan of $1.73M through Uwharrie Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, GHA Autism Supports' 2019 payroll expenses are estimated to be at least $8.31M.
Based on their reported 230 jobs retained, this equals an estimated average yearly compensation of $36,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, GHA Autism Supports reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,385,478
- Utilities: $21,250
- Mortgage Interest: $325,120
Business Information - GHA Autism Supports in Albemarle, NC
213 N Second St
Albemarle, NC 28001
Residential Intellectual and Developmental Disability Facilities
NAICS code 623210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 3,014 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a total of $1.28B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 58 employees, 75% lower than GHA Autism Supports' reported 230 employees, and received an average PPP loan of $424,200, 76% lower than this company's loan of $1.73M.
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Footnotes & Information
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