PPP Loan Data — LUK Crisis Center Inc, Fitchburg, MA
LUK Crisis Center Inc is a non-profit organization located at 545 Westminster St in Fitchburg, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,752,912.00 in April, 2020.
The company has reported itself as a female owned non-profit, and employed at least 324 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
LUK Crisis Center Inc in Fitchburg, MA received a Paycheck Protection Loan of $2.75M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, LUK Crisis Center Inc's total 2019 payroll expenses were approximately $13.21M in order to qualify for the PPP loan amount received.
Based on their reported 324 jobs retained, this equals an estimated average yearly compensation of $40,784 per employee1.
Business Information - LUK Crisis Center Inc in Fitchburg, MA
545 Westminster St
Fitchburg, MA 1420
Child and Youth Services (NAICS code 624110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: MA-03
Similar Companies near Fitchburg
In the Fitchburg area, 3 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 198 employees (compared to this company's 324) and received an average PPP loan of $1,253,141 (compared to this company's $2.75M).
Similar Nearby Businesses Who Received PPP Funding:
Making Opportunity Count, Inc
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, 93% lower than LUK Crisis Center Inc's reported 324 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, 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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