PPP Loan Data — Northern Kentucky Mental Health - Mental Retardation Regiona, Covington, KY
Northern Kentucky Mental Health - Mental Retardation Regiona
Entity: Non-profit Organization
Location: Covington, KYTweet This • Search All PPP Data
Northern Kentucky Mental Health - Mental Retardation Regiona is a non-profit organization located at 502 Farrell Dr in Covington, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,690,800.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 274 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CENTRAL BANK & TRUST CO.
Northern Kentucky Mental Health - Mental Retardation Regiona received a Paycheck Protection Loan of $2.69M through CENTRAL BANK & TRUST CO., which was approved in April, 2020.
Based on standard PPP eligibility rules, Northern Kentucky Mental Health - Mental Retardation Regiona's total 2019 payroll expenses were approximately $12.92M in order to qualify for the PPP loan amount received.
Based on their reported 274 jobs retained, this equals an estimated average yearly compensation of $47,138 per employee1.
Business Information - Northern Kentucky Mental Health - Mental Retardation Regiona in Covington, KY
502 Farrell Dr
Covington, KY 41011
Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: KY-04
Similar Companies near Covington
In the Covington area, 5 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 274) and received an average PPP loan of $767,640 (compared to this company's $2.69M).
Similar Nearby Businesses Who Received PPP Funding:
The Partnership For Mental Health
Park Hills, KY
Kate Dacy LLC
Park Hills, KY
Mental Health America Of Nky And SW Oh
Industry PPP Comparison Statistics
Nationwide, 5,494 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,342,170,180.00 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, 91% lower than Northern Kentucky Mental Health - Mental Retardation Regiona's reported 274 employees, and received an average PPP loan of $244,297, 91% lower than this company's loan of $2.69M.
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.
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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