PPP Loan Data — Kiva Microfunds, Brooklyn, NY
Kiva Microfunds is a non-profit organization located at 81 Prospect Street 4th Floor in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,306,995.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Kiva Microfunds in Brooklyn, NY received a Paycheck Protection Loan of $2.31M through TD Bank, National Association, 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, Kiva Microfunds' 2019 payroll expenses are estimated to be at least $11.07M.
Based on their reported 112 jobs retained, this equals an estimated average yearly compensation of $98,871 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kiva Microfunds reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,306,995
Business Information - Kiva Microfunds in Brooklyn, NY
81 Prospect Street 4th Floor
Brooklyn, NY 11201
Other Grantmaking and Giving Services
NAICS code 813219
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 12 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 112) and received an average PPP loan of $774,751 (compared to this company's $2.31M).
Similar Nearby Businesses Who Received PPP Funding:
A Free Bird Corporation
Marquis Studios LTD
Independent Feature Project Inc
Common Impact Inc
Heights And Hill, Inc
The Adventure Project Corp
LEN Ragozin Foundation
Heartshare Wellness LTD
Industry PPP Comparison Statistics
Nationwide, 9,799 businesses in the "Other Grantmaking and Giving Services" industry received a total of $1.32B 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 15 employees, 87% lower than Kiva Microfunds' reported 112 employees, and received an average PPP loan of $134,570, 94% lower than this company's loan of $2.31M.
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Footnotes & Information
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