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PPP Loan Data — Islamic Relief USA, Alexandria, VA

SBA PPP loan data, payroll data, and salaries for Islamic Relief USA
VA Nonprofit Organization

Islamic Relief USA

Entity: Non-profit Organization

Industry: Other Grantmaking and Giving Services

Location: Alexandria, VA

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Islamic Relief USA is a non-profit organization located at 3655 Wheeler Ave in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,486,367.00 in April, 2020.

The company has reported itself as a male owned non-profit, and employed at least 132 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.49M

Jobs Retained:

132

Loan Approved:

2020-04-12

Lender:

TD BANK, NATIONAL ASSOCIATION

Islamic Relief USA in Alexandria, VA received a Paycheck Protection Loan of $2.49M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Islamic Relief USA's total 2019 payroll expenses were approximately $11.93M in order to qualify for the PPP loan amount received.

Based on their reported 132 jobs retained, this equals an estimated average yearly compensation of $90,413 per employee1.

Because the loan received by Islamic Relief USA is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Islamic Relief USA in Alexandria, VA

Islamic Relief USA
3655 Wheeler Ave
Alexandria, VA 22304

Business Industry

Other Grantmaking and Giving Services (NAICS code 813219)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: VA-08

Industry PPP Comparison Statistics

Nationwide, 6,269 businesses in the "Other Grantmaking and Giving Services" industry received a total of $998,645,047.00 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 16 employees, 88% lower than Islamic Relief USA's reported 132 employees, and received an average PPP loan of $159,299, 94% lower than this company's loan of $2.49M.

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, and is published unmodified, as provided by the SBA.

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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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Source: www.federalpay.org/paycheck-protection-program/islamic-relief-usa-alexandria-va