PPP Loan Data — Lighthouse Youth Services Inc, Cincinnati, OH
Lighthouse Youth Services Inc is a non-profit childcare center located at 401 Mcmillan St in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,750,000.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Lighthouse Youth Services Inc received a Paycheck Protection Loan of $2.75M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lighthouse Youth Services Inc's total 2019 payroll expenses were approximately $13.2M in order to qualify for the PPP loan amount received.
Based on their reported 416 jobs retained, this equals an estimated average yearly compensation of $31,731 per employee1.
Business Information - Lighthouse Youth Services Inc in Cincinnati, OH
401 Mcmillan St
Cincinnati, OH 45206
Child and Youth Services (NAICS code 624110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-01
Similar Companies near Cincinnati
In the Cincinnati area, 5 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 90 employees (compared to this company's 416) and received an average PPP loan of $594,052 (compared to this company's $2.75M).
Similar Nearby Businesses Who Received PPP Funding:
Grtr Cinti African American Chamber Of Commerce
Above And Beyond Early Learners Academy Inc
Music Resource Center-Cincinnati
Industry PPP Comparison Statistics
Nationwide, 6,712 businesses in the "Child and Youth Services" industry received a total of $1,286,022,505.00 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, 94% lower than Lighthouse Youth Services Inc's reported 416 employees, and received an average PPP loan of $191,600, 93% lower than this company's loan of $2.75M.
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.
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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