PPP Loan Data — New Hope Village, Carroll, IA
New Hope Village
Entity: Non-profit Organization
Location: Carroll, IATweet This • Search All PPP Data
New Hope Village is a non-profit organization located at 1211 E. 18th St in Carroll, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,529,570.00 in April, 2020.
$ PPP Loan Information
New Hope Village in Carroll, IA received a Paycheck Protection Loan of $2.53M through AVAILA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, New Hope Village's total 2019 payroll expenses were approximately $12.14M in order to qualify for the PPP loan amount received.
Based on their reported 357 jobs retained, this equals an estimated average yearly compensation of $34,011 per employee1.
Business Information - New Hope Village in Carroll, IA
1211 E. 18th St
Carroll, IA 51401
Residential Intellectual and Developmental Disability Facilities (NAICS code 623210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-04
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, 83% lower than New Hope Village's reported 357 employees, and received an average PPP loan of $471,460, 81% lower than this company's loan of $2.53M.
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.
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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