PPP Loan Data — Kane Loveridge Psychological Services, LLC, New Castle, IN
Kane Loveridge Psychological Services, LLC is a limited liability company (LLC) located at 200 N. 12th St in New Castle, Indiana that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:STAR Financial Bank
Kane Loveridge Psychological Services, LLC in New Castle, IN received a Paycheck Protection Loan of $45,900 through STAR Financial 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, Kane Loveridge Psychological Services, LLC's 2019 payroll expenses are estimated to be at least $220,320.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,080 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kane Loveridge Psychological Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,900
Business Information - Kane Loveridge Psychological Services, LLC in New Castle, IN
200 N. 12th St
New Castle, IN 47362
Psychiatric and Substance Abuse Hospitals
NAICS code 622210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,071 businesses in the "Psychiatric and Substance Abuse Hospitals" industry received a total of $316.25M 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 32 employees, 700% higher than Kane Loveridge Psychological Services, LLC's reported 4 employees, and received an average PPP loan of $295,289, 543% higher than this company's loan of $45,900.
FederalPay's PPP Information Policy
Footnotes & Information
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