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PPP Loan Data — Northland Counseling Center In., Grand Rapids, MN

SBA PPP loan data, payroll data, and salaries for Northland Counseling Center In.
MN Nonprofit Organization

Northland Counseling Center In.

Entity: Non-profit Organization

Industry: Residential Mental Health and Substance Abuse Facilities

Location: Grand Rapids, MN

Search All PPP Data

Northland Counseling Center In. is a non-profit organization located at 215 Se 2nd Ave in Grand Rapids, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,648,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.65M

Jobs Retained:

250

Loan Approved:

2020-04-03

Lender:

AMERICAN BANK OF THE NORTH

Northland Counseling Center In. received a Paycheck Protection Loan of $2.65M through AMERICAN BANK OF THE NORTH, which was approved in April, 2020.

Based on standard PPP eligibility rules, Northland Counseling Center In.'s total 2019 payroll expenses were approximately $12.71M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $50,847 per employee1.

Because the loan received by Northland Counseling Center In. 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 - Northland Counseling Center In. in Grand Rapids, MN

Northland Counseling Center In.
215 Se 2nd Ave
Grand Rapids, MN 55744

Business Industry

Residential Mental Health and Substance Abuse Facilities (NAICS code 623220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MN-08

Similar Companies near Grand Rapids

In the Grand Rapids area, 2 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a PPP loan. These local businesses reported an average of 143 employees (compared to this company's 250) and received an average PPP loan of $1,455,000 (compared to this company's $2.65M).

Similar Nearby Businesses Who Received PPP Funding:

Hope House Of Itasca County, Inc
Grand Rapids, MN

$261,700 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,121 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a total of $773,399,773.00 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 38 employees, 85% lower than Northland Counseling Center In.'s reported 250 employees, and received an average PPP loan of $364,639, 86% lower than this company's loan of $2.65M.

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/northland-counseling-center-in-grand-rapids-mn