PPP Loan Data — Pathways Youth And Family Services, Inc, Kerrville, TX
Pathways Youth And Family Services, Inc is a non-profit organization located at 222 Sidney Baker St Ste 435 in Kerrville, Texas that received a Coronavirus-related PPP loan from the SBA of $1,975,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Happy State Bank
Pathways Youth And Family Services, Inc in Kerrville, TX received a Paycheck Protection Loan of $1.98M through Happy State Bank, 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 April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Pathways Youth And Family Services, Inc's 2019 payroll expenses are estimated to be at least $9.48M.
Based on their reported 257 jobs retained, this equals an estimated average yearly compensation of $36,887 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pathways Youth And Family Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,975,000
Business Information - Pathways Youth And Family Services, Inc in Kerrville, TX
222 Sidney Baker St Ste 435
Kerrville, TX 78028
Child and Youth Services
NAICS code 624110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Kerrville
In the Kerrville area, 3 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 93 employees (compared to this company's 257) and received an average PPP loan of $735,895 (compared to this company's $1.98M).
Similar Nearby Businesses Who Received PPP Funding:
Hill Country Casa Inc
K Star Inc
Industry PPP Comparison Statistics
Nationwide, 14,718 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 18 employees, 93% lower than Pathways Youth And Family Services, Inc's reported 257 employees, and received an average PPP loan of $132,042, 93% lower than this company's loan of $1.98M.
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Footnotes & Information
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