PPP Loan Data — Phoenix Houses Of The Mid-Atlantic, Inc, Arlington, VA
Phoenix Houses Of The Mid-Atlantic, Inc
Entity: Non-profit Organization
Location: Arlington, VATweet This • Search All PPP Data
Phoenix Houses Of The Mid-Atlantic, Inc is a non-profit organization located at 200 N Glebe Rd Ste 104 in Arlington, Virginia that received a Coronavirus-related PPP loan from the SBA of $1,636,795.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The National Capital Bank of Washington
Phoenix Houses Of The Mid-Atlantic, Inc in Arlington, VA received a Paycheck Protection Loan of $1.64M through The National Capital Bank of Washington, 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 December, 2020.
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, Phoenix Houses Of The Mid-Atlantic, Inc's 2019 payroll expenses are estimated to be at least $7.86M.
Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $56,119 per employee1
Reported PPP Proceed Usage:
On the PPP application, Phoenix Houses Of The Mid-Atlantic, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,636,795
Business Information - Phoenix Houses Of The Mid-Atlantic, Inc in Arlington, VA
200 N Glebe Rd Ste 104
Arlington, VA 22203
Residential Mental Health and Substance Abuse Facilities
NAICS code 623220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,600 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a total of $1.06B 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 36 employees, 74% lower than Phoenix Houses Of The Mid-Atlantic, Inc's reported 140 employees, and received an average PPP loan of $295,104, 82% lower than this company's loan of $1.64M.
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Footnotes & Information
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