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PPP Loan Data — Rocky Mountain Behavioral Health, Inc, Canon City, CO

SBA PPP loan data, payroll data, and salaries for Rocky Mountain Behavioral Health, Inc
CO Nonprofit Organization

Rocky Mountain Behavioral Health, Inc

Entity: Non-profit Organization

Industry: Outpatient Mental Health and Substance Abuse Centers

Location: Canon City, CO

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Rocky Mountain Behavioral Health, Inc is a non-profit organization located at 3239 Independence Road in Canon City, Colorado that received a Coronavirus-related PPP loan from the SBA of $150,761.00 in June, 2020.

$ PPP Loan Information
Loan #6735957910

Loan Size:

$150,761

Jobs Retained:

18

Loan Approved:

2020-06-16

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

Rocky Mountain Behavioral Health, Inc in Canon City, CO received a Paycheck Protection Loan of $150,761 through Cross River Bank, which was approved in June, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Rocky Mountain Behavioral Health, Inc's 2019 payroll expenses are estimated to be at least $723,653.

Based on their reported 18 jobs retained, this equals an estimated average yearly compensation of $40,203 per employee1

Reported PPP Proceed Usage:

On the PPP application, Rocky Mountain Behavioral Health, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $150,761

Business Information - Rocky Mountain Behavioral Health, Inc in Canon City, CO

Rocky Mountain Behavioral Health, Inc
3239 Independence Road
Canon City, CO 81212

Business Industry:
Outpatient Mental Health and Substance Abuse Centers
NAICS code 621420

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Fremont County, CO — SBA Office 0811 — Congressional District: CO-05

Similar Companies near Canon City

In the Canon City area, 3 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 18) and received an average PPP loan of $826,443 (compared to this company's $150,761).

Industry PPP Comparison Statistics

Nationwide, 10,785 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1.82B 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 19 employees, 6% higher than Rocky Mountain Behavioral Health, Inc's reported 18 employees, and received an average PPP loan of $168,728, 12% higher than this company's loan of $150,761.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/rocky-mountain-behavioral-health-inc-canon-city-co