PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Ligonier Valley Ymca, Ligonier, PA

ALERT: There are 2 PPP loans for a total of $379,250 in our database for businesses with the name "Ligonier Valley Ymca" in Ligonier, PA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Ligonier Valley Ymca
PA Nonprofit Organization

Ligonier Valley Ymca

Entity: Non-profit Organization

Industry: Fitness and Recreational Sports Centers

Location: Ligonier, PA

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Ligonier Valley Ymca is a non-profit organization located at 110 W Church St in Ligonier, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $186,350.00 in January, 2021.

$ PPP Loan Information
Loan #5051308305

Loan Size:

$186,350

Jobs Retained:

78

Loan Approved:

2021-01-23

Loan Status:

Ongoing Loan

Lender:

Somerset Trust Company

Ligonier Valley Ymca in Ligonier, PA received a Paycheck Protection Loan of $186,350 through Somerset Trust Company, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Ligonier Valley Ymca's 2019 payroll expenses are estimated to be at least $894,480.

Based on their reported 78 jobs retained, this equals an estimated average yearly compensation of $11,468 per employee1

Reported PPP Proceed Usage:

On the PPP application, Ligonier Valley Ymca reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $186,347
  • Utilities: $1

Business Information - Ligonier Valley Ymca in Ligonier, PA

Ligonier Valley Ymca
110 W Church St
Ligonier, PA 15658

Business Industry:
Fitness and Recreational Sports Centers
NAICS code 713940

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Westmoreland County, PA — SBA Office 0358 — Congressional District: PA-13

Similar Companies near Ligonier

In the Ligonier area, 3 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 78) and received an average PPP loan of $73,550 (compared to this company's $186,350).

Similar Nearby Businesses Who Received PPP Funding:

Mcbroom's Gymnastics Inc
Ligonier, PA

$16,400 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 62,038 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.97B 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 12 employees, 85% lower than Ligonier Valley Ymca's reported 78 employees, and received an average PPP loan of $47,823, 74% lower than this company's loan of $186,350.

SBA PPP loan data, payroll data, and salaries for Ligonier Valley Ymca
PA Nonprofit Organization

Ligonier Valley Ymca

Entity: Non-profit Organization

Industry: Civic and Social Organizations

Location: Ligonier, PA

Search All PPP Data

Ligonier Valley Ymca is a non-profit organization located at 110 West Church St in Ligonier, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $192,900.00 in April, 2020.

$ PPP Loan Information
Loan #4660047010

Loan Size:

$192,900

Jobs Retained:

84

Loan Approved:

2020-04-04

Loan Status:

Paid in Full or Forgiven

Lender:

Somerset Trust Company

Ligonier Valley Ymca in Ligonier, PA received a Paycheck Protection Loan of $192,900 through Somerset Trust Company, 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 January, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Ligonier Valley Ymca's 2019 payroll expenses are estimated to be at least $925,920.

Based on their reported 84 jobs retained, this equals an estimated average yearly compensation of $11,023 per employee1

Reported PPP Proceed Usage:

On the PPP application, Ligonier Valley Ymca reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $192,900

Business Information - Ligonier Valley Ymca in Ligonier, PA

Ligonier Valley Ymca
110 West Church St
Ligonier, PA 15658

Business Industry:
Civic and Social Organizations
NAICS code 813410

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Westmoreland County, PA — SBA Office 0358 — Congressional District: PA-13

Similar Companies near Ligonier

In the Ligonier area, 2 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 84) and received an average PPP loan of $109,000 (compared to this company's $192,900).

Similar Nearby Businesses Who Received PPP Funding:

Valley Youth Network
Ligonier, PA

$25,100 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 18,550 businesses in the "Civic and Social Organizations" industry received a total of $2.6B 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 20 employees, 76% lower than Ligonier Valley Ymca's reported 84 employees, and received an average PPP loan of $140,085, 27% lower than this company's loan of $192,900.

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. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/ligonier-valley-ymca-ligonier-pa