PPP Loan Data — Good Family Support Services Inc., Philadelphia, PA
Good Family Support Services Inc. is a non-profit organization located at 308 W Chelten Avenue in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,608,838.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Good Family Support Services Inc. received a Paycheck Protection Loan of $2.61M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Good Family Support Services Inc.'s total 2019 payroll expenses were approximately $12.52M in order to qualify for the PPP loan amount received.
Based on their reported 376 jobs retained, this equals an estimated average yearly compensation of $33,304 per employee1.
Business Information - Good Family Support Services Inc. in Philadelphia, PA
308 W Chelten Avenue
Philadelphia, PA 19144
Other Individual and Family Services (NAICS code 624190)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-03
Similar Companies near Philadelphia
In the Philadelphia area, 5 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 82 employees (compared to this company's 376) and received an average PPP loan of $553,713 (compared to this company's $2.61M).
Similar Nearby Businesses Who Received PPP Funding:
Surge Recovery Inc
African Cultural Alliance Of North America, Inc
Murder Is Real
Industry PPP Comparison Statistics
Nationwide, 15,794 businesses in the "Other Individual and Family Services" industry received a total of $2,302,146,944.00 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, 95% lower than Good Family Support Services Inc.'s reported 376 employees, and received an average PPP loan of $145,761, 94% lower than this company's loan of $2.61M.
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.
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