PPP Loan Data — Goodwill Industries Etc, Falls Creek, PA
Goodwill Industries Etc is a non-profit organization located at 131 Preston Way in Falls Creek, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,210,055.00 in April, 2020.
The company has reported itself as a White male owned non-profit, and employed at least 148 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:NexTier Bank, National Association
Goodwill Industries Etc in Falls Creek, PA received a Paycheck Protection Loan of $2.21M through NexTier Bank, National Association, which was approved in April, 2020.
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, Goodwill Industries Etc's 2019 payroll expenses are estimated to be at least $10.61M.
Based on their reported 148 jobs retained, this equals an estimated average yearly compensation of $71,677 per employee1
Reported PPP Proceed Usage:
On the PPP application, Goodwill Industries Etc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,210,055
Business Information - Goodwill Industries Etc in Falls Creek, PA
131 Preston Way
Falls Creek, PA 15840
Used Merchandise Stores
NAICS code 453310
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 12,348 businesses in the "Used Merchandise Stores" industry received a total of $577.39M 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 8 employees, 95% lower than Goodwill Industries Etc's reported 148 employees, and received an average PPP loan of $46,760, 98% lower than this company's loan of $2.21M.
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Footnotes & Information
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