PPP Loan Data — Kensington Community Corporation For Individual Dignity, Philadelphia, PA
Kensington Community Corporation For Individual Dignity is a non-profit organization located at 9350 Ashton Rd in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,743,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Firstrust Savings Bank
Kensington Community Corporation For Individual Dignity in Philadelphia, PA received a Paycheck Protection Loan of $1.74M through Firstrust Savings 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, Kensington Community Corporation For Individual Dignity's 2019 payroll expenses are estimated to be at least $8.37M.
Based on their reported 274 jobs retained, this equals an estimated average yearly compensation of $30,538 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kensington Community Corporation For Individual Dignity reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,743,200
Business Information - Kensington Community Corporation For Individual Dignity in Philadelphia, PA
9350 Ashton Rd
Philadelphia, PA 19114
Child and Youth Services
NAICS code 624110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Philadelphia
In the Philadelphia area, 3 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 94 employees (compared to this company's 274) and received an average PPP loan of $586,965 (compared to this company's $1.74M).
Similar Nearby Businesses Who Received PPP Funding:
Miracle Hands Of Care Next Level LLC
Industry PPP Comparison Statistics
Nationwide, 14,718 businesses in the "Child and Youth Services" industry received a total of $1.94B 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 18 employees, 93% lower than Kensington Community Corporation For Individual Dignity's reported 274 employees, and received an average PPP loan of $132,042, 92% lower than this company's loan of $1.74M.
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Footnotes & Information
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