Region VII Mental Health Intellectual Disabilities Commissio in West Point, MS - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Region VII Mental Health Intellectual Disabilities Commissio, West Point, MS

MS Nonprofit Organization

Region VII Mental Health Intellectual Disabilities Commissio

Entity: Non-profit Organization

Industry: Outpatient Mental Health and Substance Abuse Centers

Location: West Point, MS

Region VII Mental Health Intellectual Disabilities Commissio is a non-profit organization located at 222 Mary Holmes Dr in West Point, Mississippi that received a Coronavirus-related PPP loan from the SBA of $3,055,237.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.06M

Jobs Retained:

375

Loan Approved:

2020-04-15

Lender:

CADENCE BANK, NATIONAL ASSOCIATION

Region VII Mental Health Intellectual Disabilities Commissio received a Paycheck Protection Loan of $3.06M through CADENCE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Region VII Mental Health Intellectual Disabilities Commissio's total 2019 payroll expenses were approximately $14.67M 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 $39,107 per employee¹.

Because the loan received by Region VII Mental Health Intellectual Disabilities Commissio is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Region VII Mental Health Intellectual Disabilities Commissio in West Point, MS

Region VII Mental Health Intellectual Disabilities Commissio
222 Mary Holmes Dr
West Point, MS 39773

Business Industry

Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MS-01

Industry PPP Comparison Statistics

Nationwide, 5,494 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,342,170,180.00 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 24 employees, 94% lower than Region VII Mental Health Intellectual Disabilities Commissio's reported 375 employees, and received an average PPP loan of $244,297, 92% lower than this company's loan of $3.06M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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