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PPP Loan Data — Kitsap Mental Health Services, Bremerton, WA

SBA PPP loan data, payroll data, and salaries for Kitsap Mental Health Services
WA Nonprofit Organization

Kitsap Mental Health Services

Entity: Non-profit Organization

Industry: Outpatient Mental Health and Substance Abuse Centers

Location: Bremerton, WA

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Kitsap Mental Health Services is a non-profit organization located at 5455 Almira Dr. Ne in Bremerton, Washington that received a Coronavirus-related PPP loan from the SBA of $6,150,085.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.15M

Jobs Retained:

450

Loan Approved:

2020-04-15

Lender:

KITSAP BANK

Kitsap Mental Health Services received a Paycheck Protection Loan of $6.15M through KITSAP BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Kitsap Mental Health Services' total 2019 payroll expenses were approximately $29.52M in order to qualify for the PPP loan amount received.

Based on their reported 450 jobs retained, this equals an estimated average yearly compensation of $65,601 per employee1.

Because the loan received by Kitsap Mental Health Services 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 - Kitsap Mental Health Services in Bremerton, WA

Kitsap Mental Health Services
5455 Almira Dr. Ne
Bremerton, WA 98311

Business Industry

Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-06

Similar Companies near Bremerton

In the Bremerton area, 3 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 151 employees (compared to this company's 450) and received an average PPP loan of $2,070,018 (compared to this company's $6.15M).

Industry PPP Comparison Statistics

Nationwide, 5,494 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,342,170,180.00 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 24 employees, 95% lower than Kitsap Mental Health Services' reported 450 employees, and received an average PPP loan of $244,297, 96% lower than this company's loan of $6.15M.

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.

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/kitsap-mental-health-services-bremerton-wa