PPP Loan Data — Planned Parenthood South Atlantic, Raleigh, NC
Planned Parenthood South Atlantic is a non-profit organization located at 100 S Boylan Ave in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,437,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Planned Parenthood South Atlantic in Raleigh, NC received a Paycheck Protection Loan of $2.44M through Truist Bank d/b/a Branch Banking & Trust Co, 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 South Atlantic's 2019 payroll expenses are estimated to be at least $11.7M.
Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $43,330 per employee1
Reported PPP Proceed Usage:
On the PPP application, Planned Parenthood South Atlantic reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,437,300
Business Information - Planned Parenthood South Atlantic in Raleigh, NC
100 S Boylan Ave
Raleigh, NC 27603
Family Planning Centers
NAICS code 621410
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, 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, 95% lower than Planned Parenthood South Atlantic's reported 270 employees, and received an average PPP loan of $112,793, 95% lower than this company's loan of $2.44M.
FederalPay's PPP Information Policy
Footnotes & Information
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