PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA (Updated September 30, 2023)

PPP Loan Data — Parsons Child And Family Center, Albany, NY

SBA PPP loan data, payroll data, and salaries for Parsons Child And Family Center
NY Nonprofit Organization

Parsons Child And Family Center

Entity: Non-profit Childcare Center

Industry: Child and Youth Services

Location: Albany, NY

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Parsons Child And Family Center is a non-profit childcare center located at 60 Academy Road in Albany, New York that received a Coronavirus-related PPP loan from the SBA of $6,742,155.00 in April, 2020.

$ PPP Loan Information
Loan #5214897208

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


KeyBank National Association

Parsons Child And Family Center in Albany, NY received a Paycheck Protection Loan of $6.74M through KeyBank National Association, which was approved in April, 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 October, 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, Parsons Child And Family Center's 2019 payroll expenses are estimated to be at least $32.36M.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $64,725 per employee1

Reported PPP Proceed Usage:

On the PPP application, Parsons Child And Family Center reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $6,742,155
Because the loan received by Parsons Child And Family Center 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 - Parsons Child And Family Center in Albany, NY

Parsons Child And Family Center
60 Academy Road
Albany, NY 12208

Business Industry:
Child and Youth Services
NAICS code 624110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Albany County, NY — SBA Office 0248 — Congressional District: NY-20

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Parsons Child And Family Center.

Northeast Parent And Child Society, Inc
Other Residential Care Facilities

$4.85M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 14,411 businesses in the "Child and Youth Services" industry received a total of $1.94B 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 19 employees, 96% lower than Parsons Child And Family Center's reported 500 employees, and received an average PPP loan of $134,454, 98% lower than this company's loan of $6.74M.

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.

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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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