PPP Loan Data — Places For People, Incorporated, Saint Louis, MO
Places For People, Incorporated is a non-profit organization located at 4130 Lindell in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,371,800.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 341 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:UMB Bank, National Association
Places For People, Incorporated in Saint Louis, MO received a Paycheck Protection Loan of $2.37M through UMB Bank, 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 June, 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, Places For People, Incorporated's 2019 payroll expenses are estimated to be at least $11.38M.
Based on their reported 341 jobs retained, this equals an estimated average yearly compensation of $33,386 per employee1
Reported PPP Proceed Usage:
On the PPP application, Places For People, Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,371,800
Business Information - Places For People, Incorporated in Saint Louis, MO
Saint Louis, MO 63108
All Other Outpatient Care Centers
NAICS code 621498
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Saint Louis
In the Saint Louis area, 3 businesses in the "All Other Outpatient Care Centers" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 341) and received an average PPP loan of $1,065,199 (compared to this company's $2.37M).
Similar Nearby Businesses Who Received PPP Funding:
Southwestern Hearing Aid Company Inc
Saint Louis, MO
Grace Hill Settlement House
Saint Louis, MO
Industry PPP Comparison Statistics
Nationwide, 20,239 businesses in the "All Other Outpatient Care Centers" industry received a total of $1.82B 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 9 employees, 97% lower than Places For People, Incorporated's reported 341 employees, and received an average PPP loan of $90,010, 96% lower than this company's loan of $2.37M.
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Footnotes & Information
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