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PPP Loan Data — Pathways Inc., Ashland, KY

SBA PPP loan data, payroll data, and salaries for Pathways Inc.
KY Nonprofit Organization

Pathways Inc.

Entity: Non-profit Organization

Industry: Outpatient Mental Health and Substance Abuse Centers

Location: Ashland, KY

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Pathways Inc. is a non-profit organization located at 1212 Bath Ave in Ashland, Kentucky that received a Coronavirus-related PPP loan from the SBA of $4,000,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4M

Jobs Retained:

497

Loan Approved:

2020-04-11

Lender:

CITY NATIONAL BANK OF WEST VIRGINIA

Pathways Inc. received a Paycheck Protection Loan of $4M through CITY NATIONAL BANK OF WEST VIRGINIA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Pathways Inc.'s total 2019 payroll expenses were approximately $19.2M in order to qualify for the PPP loan amount received.

Based on their reported 497 jobs retained, this equals an estimated average yearly compensation of $38,632 per employee1.

Because the loan received by Pathways 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 - Pathways Inc. in Ashland, KY

Pathways Inc.
1212 Bath Ave
Ashland, KY 41101

Business Industry

Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: KY-04

Similar Companies near Ashland

In the Ashland area, 2 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 252 employees (compared to this company's 497) and received an average PPP loan of $2,004,450 (compared to this company's $4M).

Similar Nearby Businesses Who Received PPP Funding:

Supportive Med LLC
Ashland, KY

$8,900 PPP Loan

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, 95% lower than Pathways Inc.'s reported 497 employees, and received an average PPP loan of $244,297, 94% lower than this company's loan of $4M.

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/pathways-inc-ashland-ky