PPP Loan Data — Latin American Youth Center, Washington, DC
Latin American Youth Center is a non-profit organization located at 1419 Columbia Road Nw in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $1,813,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Latin American Youth Center in Washington, DC received a Paycheck Protection Loan of $1.81M through EagleBank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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, Latin American Youth Center's 2019 payroll expenses are estimated to be at least $8.7M.
Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $46,542 per employee1
Reported PPP Proceed Usage:
On the PPP application, Latin American Youth Center reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,813,200
Business Information - Latin American Youth Center in Washington, DC
1419 Columbia Road Nw
Washington, DC 20009
Child and Youth Services
NAICS code 624110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 9 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 187) and received an average PPP loan of $743,049 (compared to this company's $1.81M).
Similar Nearby Businesses Who Received PPP Funding:
Jubilee Jumpstart Inc
Semillitas Early Learning Center Inc
Maria M Cabieses
Edward C. Mazique Parent Child Center Inc
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, 90% lower than Latin American Youth Center's reported 187 employees, and received an average PPP loan of $132,042, 93% lower than this company's loan of $1.81M.
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Footnotes & Information
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