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PPP Loan Data — Goodwill Of Central Iowa, Johnston, IA

SBA PPP loan data, payroll data, and salaries for Goodwill Of Central Iowa
IA Nonprofit Organization

Goodwill Of Central Iowa

Entity: Non-profit Organization

Industry: Grantmaking Foundations

Location: Johnston, IA

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Goodwill Of Central Iowa is a non-profit organization located at 5355 Nw 86th St in Johnston, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,436,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.44M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-13

Lender:

BANKERS TRUST COMPANY

Goodwill Of Central Iowa received a Paycheck Protection Loan of $2.44M through BANKERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Goodwill Of Central Iowa's total 2019 payroll expenses were approximately $11.69M in order to qualify for the PPP loan amount received.

Unlike most businesses, Goodwill Of Central Iowa's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Goodwill Of Central Iowa 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 - Goodwill Of Central Iowa in Johnston, IA

Goodwill Of Central Iowa
5355 Nw 86th St
Johnston, IA 50131

Business Industry

Grantmaking Foundations (NAICS code 813211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IA-03

Similar Companies near Johnston

In the Johnston area, 2 businesses in the "Grantmaking Foundations" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 0) and received an average PPP loan of $1,233,677 (compared to this company's $2.44M).

Similar Nearby Businesses Who Received PPP Funding:

Trailhead International
Johnston, IA

$31,253 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,204 businesses in the "Grantmaking Foundations" industry received a total of $410,316,849.00 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 12 employees, and received an average PPP loan of $128,064, 95% lower than this company's loan of $2.44M.

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.

Search FederalPay's Full PPP Loan Database

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/goodwill-of-central-iowa-johnston-ia