PPP Loan Data — Home Of The Innocents Inc, Louisville, KY
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
Lender:PNC BANK, NATIONAL ASSOCIATION
Home Of The Innocents Inc received a Paycheck Protection Loan of $6.26M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Home Of The Innocents Inc's total 2019 payroll expenses were approximately $30.07M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $60,143 per employee1.
Business Information - Home Of The Innocents Inc in Louisville, KY
1100 E Market St
Louisville, KY 40206
Other Residential Care Facilities (NAICS code 623990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KY-03
Similar Companies near Louisville
In the Louisville area, 2 businesses in the "Other Residential Care Facilities" industry received a PPP loan. These local businesses reported an average of 314 employees (compared to this company's 500) and received an average PPP loan of $3,708,350 (compared to this company's $6.26M).
Similar Nearby Businesses Who Received PPP Funding:
St. Joseph Catholic Orphan Society
Industry PPP Comparison Statistics
Nationwide, 2,694 businesses in the "Other Residential Care Facilities" industry received a total of $666,350,372.00 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 29 employees, 94% lower than Home Of The Innocents Inc's reported 500 employees, and received an average PPP loan of $247,346, 96% 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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!