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PPP Loan Data — Sainta, Milwaukee, WI

SBA PPP loan data, payroll data, and salaries for Sainta
WI Nonprofit Organization

Sainta

Entity: Non-profit Organization

Industry: Child and Youth Services

Location: Milwaukee, WI

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Sainta is a non-profit organization located at 8901 W Capitol Dr in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $4,375,870.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.38M

Jobs Retained:

325

Loan Approved:

2020-04-11

Lender:

FIRST MIDWEST BANK

Sainta received a Paycheck Protection Loan of $4.38M through FIRST MIDWEST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sainta's total 2019 payroll expenses were approximately $21M in order to qualify for the PPP loan amount received.

Based on their reported 325 jobs retained, this equals an estimated average yearly compensation of $64,628 per employee1.

Because the loan received by Sainta 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 - Sainta in Milwaukee, WI

Sainta
8901 W Capitol Dr
Milwaukee, WI 53222

Business Industry

Child and Youth Services (NAICS code 624110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-04

Similar Companies near Milwaukee

In the Milwaukee area, 5 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 325) and received an average PPP loan of $903,686 (compared to this company's $4.38M).

Industry PPP Comparison Statistics

Nationwide, 6,712 businesses in the "Child and Youth Services" industry received a total of $1,286,022,505.00 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, 93% lower than Sainta's reported 325 employees, and received an average PPP loan of $191,600, 96% lower than this company's loan of $4.38M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sainta-milwaukee-wi