PPP Loan Data — Planned Parenthood California Central Coast, Santa Barbara, CA
Planned Parenthood California Central Coast is a non-profit organization located at 518 Garden St in Santa Barbara, California that received a Coronavirus-related PPP loan from the SBA of $1,774,810.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Montecito Bank & Trust
Planned Parenthood California Central Coast in Santa Barbara, CA received a Paycheck Protection Loan of $1.77M through Montecito Bank & Trust, which was approved in April, 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, Planned Parenthood California Central Coast's 2019 payroll expenses are estimated to be at least $8.52M.
Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $55,680 per employee1
Reported PPP Proceed Usage:
On the PPP application, Planned Parenthood California Central Coast reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,580,064
- Health Care: $194,746
Business Information - Planned Parenthood California Central Coast in Santa Barbara, CA
518 Garden St
Santa Barbara, CA 93101
Family Planning Centers
NAICS code 621410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,841 businesses in the "Family Planning Centers" industry received a total of $207.65M 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 13 employees, 92% lower than Planned Parenthood California Central Coast's reported 153 employees, and received an average PPP loan of $112,793, 94% lower than this company's loan of $1.77M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!