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PPP Loan Data — New Directions Youth And Family Serivces, Inc., Lockport, NY

SBA PPP loan data, payroll data, and salaries for New Directions Youth And Family Serivces, Inc.
NY Nonprofit Organization

New Directions Youth And Family Serivces, Inc.

Entity: Non-profit Organization

Industry: Child and Youth Services

Location: Lockport, NY

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New Directions Youth And Family Serivces, Inc. is a non-profit organization located at 6395 Old Niagara Rd in Lockport, New York that received a Coronavirus-related PPP loan from the SBA of $3,461,305.00 in April, 2020.

The company has reported itself as a male owned non-profit, and employed at least 415 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.46M

Jobs Retained:

415

Loan Approved:

2020-04-07

Lender:

CNB BANK

New Directions Youth And Family Serivces, Inc. received a Paycheck Protection Loan of $3.46M through CNB BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, New Directions Youth And Family Serivces, Inc.'s total 2019 payroll expenses were approximately $16.61M in order to qualify for the PPP loan amount received.

Based on their reported 415 jobs retained, this equals an estimated average yearly compensation of $40,034 per employee1.

Because the loan received by New Directions Youth And Family Serivces, 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 - New Directions Youth And Family Serivces, Inc. in Lockport, NY

New Directions Youth And Family Serivces, Inc.
6395 Old Niagara Rd
Lockport, NY 14094

Business Industry

Child and Youth Services (NAICS code 624110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: NY-27

Similar Companies near Lockport

In the Lockport area, 2 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 210 employees (compared to this company's 415) and received an average PPP loan of $1,736,530 (compared to this company's $3.46M).

Similar Nearby Businesses Who Received PPP Funding:

Lockport Crisis Pregnancy Center
Lockport, NY

$11,754 PPP Loan

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 New Directions Youth And Family Serivces, Inc.'s reported 415 employees, and received an average PPP loan of $191,600, 94% lower than this company's loan of $3.46M.

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.

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/new-directions-youth-and-family-serivces-inc-lockport-ny