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PPP Loan Data — Home Of The Innocents Inc,
Louisville, KY
Home Of The Innocents Inc
Entity: Non-profit Organization
Industry: All Other Outpatient Care Centers
Location: Louisville, KY
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Home Of The Innocents Inc is a non-profit organization located at 1100 E Market St 1100 E Market St in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $1,514,987.00 in May, 2021.
$
PPP Loan Information
Loan #6377618908
Loan Size:
Jobs Retained:
81Loan Approved:
2021-05-01Loan Status:
Ongoing LoanLender:
PNC Bank, National AssociationHome Of The Innocents Inc in Louisville, KY received a Paycheck Protection Loan of $1.51M through PNC Bank, National Association, which was approved in May, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Home Of The Innocents Inc's 2019 payroll expenses are estimated to be at least $7.27M.
Based on their reported 81 jobs retained, this equals an estimated average yearly compensation of $89,777 per employee1
Reported PPP Proceed Usage:
On the PPP application, Home Of The Innocents Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,514,984
- Utilities: $1
Business Information - Home Of The Innocents Inc in Louisville, KY
1100 E Market St 1100 E Market St
Louisville, KY 40206
Business Industry:
All Other Outpatient Care Centers
NAICS code 621498
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 4 businesses in the "All Other Outpatient Care Centers" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 81) and received an average PPP loan of $653,272 (compared to this company's $1.51M).
Similar Nearby Businesses Who Received PPP Funding:
Cherokee Park Rehabilitation LLC
Louisville, KY
Compassionate Therapist, PLLC
Louisville, KY
Alternative Health Solutions
Louisville, KY
Industry PPP Comparison Statistics
Nationwide, 17,160 businesses in the "All Other Outpatient Care Centers" industry received a total of $1.75B 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 10 employees, 88% lower than Home Of The Innocents Inc's reported 81 employees, and received an average PPP loan of $102,024, 93% lower than this company's loan of $1.51M.
Home Of The Innocents Inc
Entity: Non-profit Organization
Industry: Other Residential Care Facilities
Location: Louisville, KY
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Home Of The Innocents Inc is a non-profit organization located at 1100 E Market St in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $6,264,900.00 in April, 2020.
$
PPP Loan Information
Loan #5377277106
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-13Loan Status:
Paid in Full or ForgivenLender:
PNC Bank, National AssociationHome Of The Innocents Inc in Louisville, KY received a Paycheck Protection Loan of $6.26M through PNC Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Home Of The Innocents Inc's 2019 payroll expenses are estimated to be at least $30.07M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $60,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Home Of The Innocents Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,264,900
Business Information - Home Of The Innocents Inc in Louisville, KY
1100 E Market St
Louisville, KY 40206
Business Industry:
Other Residential Care Facilities
NAICS code 623990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Home Of The Innocents Inc.
Feat Of Louisville. Inc
Other Grantmaking and Giving Services
Similar Companies near Louisville
In the Louisville area, 5 businesses in the "Other Residential Care Facilities" industry received a PPP loan. These local businesses reported an average of 128 employees (compared to this company's 500) and received an average PPP loan of $1,493,741 (compared to this company's $6.26M).
Similar Nearby Businesses Who Received PPP Funding:
Nathaniel Nix
Louisville, KY
ST. Joseph Catholic Orphan Society
Louisville, KY
Mary Myers
Louisville, KY
Active Imaginations Child Development Center
Louisville, KY
Industry PPP Comparison Statistics
Nationwide, 4,782 businesses in the "Other Residential Care Facilities" industry received a total of $897.63M 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 27 employees, 95% lower than Home Of The Innocents Inc's reported 500 employees, and received an average PPP loan of $187,711, 97% lower than this company's loan of $6.26M.
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. Estimations for informational purposes only. 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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