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PPP Loan Data — LUK Crisis Center Inc, Fitchburg, MA

SBA PPP loan data, payroll data, and salaries for LUK Crisis Center Inc
MA Nonprofit Organization

LUK Crisis Center Inc

Entity: Non-profit Organization

Industry: Child and Youth Services

Location: Fitchburg, MA

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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

Loan Size:

$2.75M

Jobs Retained:

324

Loan Approved:

2020-04-14

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.

Because the loan received by LUK Crisis Center Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - LUK Crisis Center Inc in Fitchburg, MA

LUK Crisis Center Inc
545 Westminster St
Fitchburg, MA 1420

Business Industry

Child and Youth Services (NAICS code 624110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional 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).

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/luk-crisis-center-inc-fitchburg-ma