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PPP Loan Data — National Youth Advocate Program, Inc, Columbus, OH

SBA PPP loan data, payroll data, and salaries for National Youth Advocate Program, Inc
OH Nonprofit Organization

National Youth Advocate Program, Inc

Entity: Non-profit Organization

Industry: Other Individual and Family Services

Location: Columbus, OH

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National Youth Advocate Program, Inc is a non-profit organization located at 1801 Watermark Drive Suite 200 in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $8,000,000.00 in May, 2020.

The company has reported itself as a White female owned non-profit, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information
Loan #3438987407

Loan Size:

$8M

Jobs Retained:

500

Loan Approved:

2020-05-07

Loan Status:

Paid in Full or Forgiven

Lender:

The Huntington National Bank

National Youth Advocate Program, Inc in Columbus, OH received a Paycheck Protection Loan of $8M through The Huntington National Bank, which was approved in May, 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 August, 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, National Youth Advocate Program, Inc's 2019 payroll expenses are estimated to be at least $38.4M.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $76,800 per employee1

Reported PPP Proceed Usage:

On the PPP application, National Youth Advocate Program, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $8,000,000
Because the loan received by National Youth Advocate Program, 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 - National Youth Advocate Program, Inc in Columbus, OH

National Youth Advocate Program, Inc
1801 Watermark Drive Suite 200
Columbus, OH 43215

Business Industry:
Other Individual and Family Services
NAICS code 624190

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Franklin County, OH — SBA Office 0593 — Congressional District: OH-03

Similar Companies near Columbus

In the Columbus area, 15 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 500) and received an average PPP loan of $621,809 (compared to this company's $8M).

Industry PPP Comparison Statistics

Nationwide, 24,879 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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 16 employees, 97% lower than National Youth Advocate Program, Inc's reported 500 employees, and received an average PPP loan of $118,797, 99% lower than this company's loan of $8M.

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/national-youth-advocate-program-inc-columbus-oh