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PPP Loan Data — Kidspeace Corporation, Schnecksville, PA

SBA PPP loan data, payroll data, and salaries for Kidspeace Corporation
PA Nonprofit Organization

Kidspeace Corporation

Entity: Non-profit Organization

Industry: Residential Mental Health and Substance Abuse Facilities

Location: Schnecksville, PA

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Kidspeace Corporation is a non-profit organization located at 4085 Independence Drive in Schnecksville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,595,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.6M

Jobs Retained:

219

Loan Approved:

2020-04-29

Lender:

ESSA BANK & TRUST

Kidspeace Corporation received a Paycheck Protection Loan of $2.6M through ESSA BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Kidspeace Corporation's total 2019 payroll expenses were approximately $12.46M in order to qualify for the PPP loan amount received.

Based on their reported 219 jobs retained, this equals an estimated average yearly compensation of $56,896 per employee1.

Because the loan received by Kidspeace Corporation 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 - Kidspeace Corporation in Schnecksville, PA

Kidspeace Corporation
4085 Independence Drive
Schnecksville, PA 18078

Business Industry

Residential Mental Health and Substance Abuse Facilities (NAICS code 623220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-07

Similar Companies near Schnecksville

In the Schnecksville area, 4 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a PPP loan. These local businesses reported an average of 280 employees (compared to this company's 219) and received an average PPP loan of $2,917,775 (compared to this company's $2.6M).

Industry PPP Comparison Statistics

Nationwide, 2,121 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a total of $773,399,773.00 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 38 employees, 83% lower than Kidspeace Corporation's reported 219 employees, and received an average PPP loan of $364,639, 86% lower than this company's loan of $2.6M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/kidspeace-corporation-schnecksville-pa