PPP Loan Data — Private Industry Council Of Westmoreland /Fayette Inc, Greensburg, PA
Private Industry Council Of Westmoreland /Fayette Inc is a non-profit organization located at 219 Donohoe Road in Greensburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,218,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Somerset Trust Company
Private Industry Council Of Westmoreland /Fayette Inc in Greensburg, PA received a Paycheck Protection Loan of $2.22M through Somerset Trust Company, 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, Private Industry Council Of Westmoreland /Fayette Inc's 2019 payroll expenses are estimated to be at least $10.65M.
Based on their reported 308 jobs retained, this equals an estimated average yearly compensation of $34,577 per employee1
Reported PPP Proceed Usage:
On the PPP application, Private Industry Council Of Westmoreland /Fayette Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,218,700
Business Information - Private Industry Council Of Westmoreland /Fayette Inc in Greensburg, PA
219 Donohoe Road
Greensburg, PA 15601
Educational Support Services
NAICS code 611710
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Greensburg
In the Greensburg area, 7 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 308) and received an average PPP loan of $332,019 (compared to this company's $2.22M).
Similar Nearby Businesses Who Received PPP Funding:
System 1-2-3, LLC
Teen Pregnancy Childcare Training
Greensburg Garden Center
Kappa Delta Rho Foundation, Inc
Industry PPP Comparison Statistics
Nationwide, 39,474 businesses in the "Educational Support Services" industry received a total of $2.35B 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 7 employees, 98% lower than Private Industry Council Of Westmoreland /Fayette Inc's reported 308 employees, and received an average PPP loan of $59,417, 97% lower than this company's loan of $2.22M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!