PPP Loan Data — Hands Of Unity, Richmond, VA
Hands Of Unity
Entity: Sole Proprietorship
Location: Richmond, VATweet This • Search All PPP Data
Hands Of Unity is a sole proprietorship located at 6031 La Mesa Dr in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $95,667.00 in April, 2020.
$ PPP Loan Information
Lender:CROSS RIVER BANK
Hands Of Unity received a Paycheck Protection Loan of $95,667 through CROSS RIVER BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hands Of Unity's total 2019 payroll expenses were approximately $459,202 in order to qualify for the PPP loan amount received.
Based on their reported 21 jobs retained, this equals an estimated average yearly compensation of $21,867 per employee1.
Business Information - Hands Of Unity in Richmond, VA
6031 La Mesa Dr
Richmond, VA 23225
Residential Intellectual and Developmental Disability Facilities (NAICS code 623210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-04
Similar Companies near Richmond
In the Richmond area, 3 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a PPP loan. These local businesses reported an average of 176 employees (compared to this company's 21) and received an average PPP loan of $1,368,443 (compared to this company's $95,667).
Similar Nearby Businesses Who Received PPP Funding:
Good Neighbor Holdings
Nurturing Arms Support Services
Industry PPP Comparison Statistics
Nationwide, 1,775 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a total of $836,841,517.00 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 61 employees, 190% higher than Hands Of Unity's reported 21 employees, and received an average PPP loan of $471,460, 393% higher than this company's loan of $95,667.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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