PPP Loan Data — Lutherine Family Services Of Virginia, Inc., Roanoke, VA
Lutherine Family Services Of Virginia, Inc. is a non-profit organization located at 2609 Mcvitty Road in Roanoke, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,379,200.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST-CITIZENS BANK & TRUST COMPANY
Lutherine Family Services Of Virginia, Inc. received a Paycheck Protection Loan of $3.38M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lutherine Family Services Of Virginia, Inc.'s total 2019 payroll expenses were approximately $16.22M in order to qualify for the PPP loan amount received.
Based on their reported 376 jobs retained, this equals an estimated average yearly compensation of $43,139 per employee1.
Business Information - Lutherine Family Services Of Virginia, Inc. in Roanoke, VA
2609 Mcvitty Road
Roanoke, VA 24018
Child and Youth Services (NAICS code 624110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-06
Similar Companies near Roanoke
In the Roanoke area, 2 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 274 employees (compared to this company's 376) and received an average PPP loan of $2,511,844 (compared to this company's $3.38M).
Similar Nearby Businesses Who Received PPP Funding:
Depaul Community Resources
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 Lutherine Family Services Of Virginia, Inc.'s reported 376 employees, and received an average PPP loan of $191,600, 94% lower than this company's loan of $3.38M.
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Footnotes & Information
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