PPP Loan Data — Program Development Services Inc., Brooklyn, NY
Program Development Services Inc. is a non-profit organization located at 6908 New Utrecht Ave in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,804,000.00 in April, 2020.
The company has reported itself as a Hispanic female owned non-profit, and employed at least 375 people during the applicable loan loan period.
$ PPP Loan Information
Lender:NEWTEK SMALL BUSINESS FINANCE, INC.
Program Development Services Inc. in Brooklyn, NY received a Paycheck Protection Loan of $2.8M through NEWTEK SMALL BUSINESS FINANCE, INC., which was approved in April, 2020.
Based on standard PPP eligibility rules, Program Development Services Inc.'s total 2019 payroll expenses were approximately $13.46M in order to qualify for the PPP loan amount received.
Based on their reported 375 jobs retained, this equals an estimated average yearly compensation of $35,891 per employee1.
Business Information - Program Development Services Inc. in Brooklyn, NY
6908 New Utrecht Ave
Brooklyn, NY 11228
Other Grantmaking and Giving Services (NAICS code 813219)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: NY-10
Similar Companies near Brooklyn
In the Brooklyn area, 3 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 136 employees (compared to this company's 375) and received an average PPP loan of $1,002,647 (compared to this company's $2.8M).
Similar Nearby Businesses Who Received PPP Funding:
American Friends Of Puah
Bais Chaya Esther Inc
Industry PPP Comparison Statistics
Nationwide, 6,269 businesses in the "Other Grantmaking and Giving Services" industry received a total of $998,645,047.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 16 employees, 96% lower than Program Development Services Inc.'s reported 375 employees, and received an average PPP loan of $159,299, 94% lower than this company's loan of $2.8M.
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