PPP Loan Data — Prihoda Children's Center, LLC, Warren, PA
Prihoda Children's Center, LLC is a limited liability company (LLC) located at 616 South State Street in Warren, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $24,915.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Prihoda Children's Center, LLC in Warren, PA received a Paycheck Protection Loan of $24,915 through KeyBank National Association, 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, Prihoda Children's Center, LLC's 2019 payroll expenses are estimated to be at least $119,592.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $10,872 per employee1
Reported PPP Proceed Usage:
On the PPP application, Prihoda Children's Center, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,915
Business Information - Prihoda Children's Center, LLC in Warren, PA
616 South State Street
Warren, PA 16365
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Warren
In the Warren area, 4 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 11) and received an average PPP loan of $59,222 (compared to this company's $24,915).
Similar Nearby Businesses Who Received PPP Funding:
Jefferson Defrees Family Center
North Warren Presbyterian Church
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 27% lower than Prihoda Children's Center, LLC's reported 11 employees, and received an average PPP loan of $41,676, 67% higher than this company's loan of $24,915.
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Footnotes & Information
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