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PPP Loan Data — Mainstay Life Services, Pittsburgh, PA

SBA PPP loan data, payroll data, and salaries for Mainstay Life Services
PA Nonprofit Organization

Mainstay Life Services

Entity: Non-profit Organization

Industry: Residential Intellectual and Developmental Disability Facilities

Location: Pittsburgh, PA

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Mainstay Life Services is a non-profit organization located at 200 Roessler Rd in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,078,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.08M

Jobs Retained:

412

Loan Approved:

2020-04-14

Lender:

PNC BANK, NATIONAL ASSOCIATION

Mainstay Life Services received a Paycheck Protection Loan of $3.08M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mainstay Life Services' total 2019 payroll expenses were approximately $14.78M in order to qualify for the PPP loan amount received.

Based on their reported 412 jobs retained, this equals an estimated average yearly compensation of $35,866 per employee1.

Because the loan received by Mainstay Life Services 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 - Mainstay Life Services in Pittsburgh, PA

Mainstay Life Services
200 Roessler Rd
Pittsburgh, PA 15220

Business Industry

Residential Intellectual and Developmental Disability Facilities (NAICS code 623210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-17

Industry PPP Comparison Statistics

Nationwide, 1,775 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a total of $836,841,517.00 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 61 employees, 85% lower than Mainstay Life Services' reported 412 employees, and received an average PPP loan of $471,460, 85% lower than this company's loan of $3.08M.

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.

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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/mainstay-life-services-pittsburgh-pa