PPP Loan Data — Haynes Family Of Programs, Inc, La Verne, CA
Haynes Family Of Programs, Inc is a non-profit organization located at 233 Baseline Rd in La Verne, California that received a Coronavirus-related PPP loan from the SBA of $2,372,866.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Haynes Family Of Programs, Inc in La Verne, CA received a Paycheck Protection Loan of $2.37M through Banner Bank, 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, Haynes Family Of Programs, Inc's 2019 payroll expenses are estimated to be at least $11.39M.
Based on their reported 419 jobs retained, this equals an estimated average yearly compensation of $27,183 per employee1
Reported PPP Proceed Usage:
On the PPP application, Haynes Family Of Programs, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,239,986
- Utilities: $40,339
- Mortgage Interest: $92,542
Business Information - Haynes Family Of Programs, Inc in La Verne, CA
233 Baseline Rd
La Verne, CA 91750
Other Individual and Family Services
NAICS code 624190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near La Verne
In the La Verne area, 3 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 197 employees (compared to this company's 419) and received an average PPP loan of $1,509,271 (compared to this company's $2.37M).
Similar Nearby Businesses Who Received PPP Funding:
Scott De Tamble
La Verne, CA
David And Margaret Home, Inc
La Verne, CA
Industry PPP Comparison Statistics
Nationwide, 25,118 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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 16 employees, 96% lower than Haynes Family Of Programs, Inc's reported 419 employees, and received an average PPP loan of $117,860, 95% lower than this company's loan of $2.37M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!