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PPP Loan Data — Pineland Area Community Service Board, Statesboro, GA

SBA PPP loan data, payroll data, and salaries for Pineland Area Community Service Board
GA

Pineland Area Community Service Board

Entity: Corporation

Industry: Outpatient Mental Health and Substance Abuse Centers

Location: Statesboro, GA

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Pineland Area Community Service Board is a corporation located at 5 West Altman Street in Statesboro, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,441,800.00 in April, 2020.

The company has reported itself as a White female owned business, and employed at least 488 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.44M

Jobs Retained:

488

Loan Approved:

2020-04-30

Lender:

COMMUNITY BANK & TRUST-WEST GEORGIA

Pineland Area Community Service Board received a Paycheck Protection Loan of $2.44M through COMMUNITY BANK & TRUST-WEST GEORGIA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Pineland Area Community Service Board's total 2019 payroll expenses were approximately $11.72M in order to qualify for the PPP loan amount received.

Based on their reported 488 jobs retained, this equals an estimated average yearly compensation of $24,018 per employee1.

Because the loan received by Pineland Area Community Service Board 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 - Pineland Area Community Service Board in Statesboro, GA

Pineland Area Community Service Board
5 West Altman Street
Statesboro, GA 30459

Business Industry

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

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: GA-12

Similar Companies near Statesboro

In the Statesboro area, 3 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 166 employees (compared to this company's 488) and received an average PPP loan of $839,498 (compared to this company's $2.44M).

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 Pineland Area Community Service Board's reported 488 employees, and received an average PPP loan of $244,297, 90% lower than this company's loan of $2.44M.

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.

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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/pineland-area-community-service-board-statesboro-ga