PPP Loan Data — Iowa Volleyball Association, Clive, IA
Iowa Volleyball Association is a non-profit organization located at 8170 Hickman Rd Ste 5 in Clive, Iowa that received a Coronavirus-related PPP loan from the SBA of $46,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:City State Bank
Iowa Volleyball Association in Clive, IA received a Paycheck Protection Loan of $46,300 through City State 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, Iowa Volleyball Association's 2019 payroll expenses are estimated to be at least $222,240.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,560 per employee1
Reported PPP Proceed Usage:
On the PPP application, Iowa Volleyball Association reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,300
Business Information - Iowa Volleyball Association in Clive, IA
8170 Hickman Rd Ste 5
Clive, IA 50325
Sports Teams and Clubs
NAICS code 711211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 6,964 businesses in the "Sports Teams and Clubs" industry received a total of $411.47M 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, 150% higher than Iowa Volleyball Association's reported 4 employees, and received an average PPP loan of $59,085, 28% higher than this company's loan of $46,300.
FederalPay's PPP Information Policy
Footnotes & Information
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