PPP Loan Data — Sixteenth Street Community Health Centers, Inc, Milwaukee, WI
Sixteenth Street Community Health Centers, Inc is a non-profit organization located at 1337 S. Cesar E. Chavez Drive in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $4,377,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
Sixteenth Street Community Health Centers, Inc in Milwaukee, WI received a Paycheck Protection Loan of $4.38M through PNC Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
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, Sixteenth Street Community Health Centers, Inc's 2019 payroll expenses are estimated to be at least $21.01M.
Based on their reported 397 jobs retained, this equals an estimated average yearly compensation of $52,927 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sixteenth Street Community Health Centers, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,377,500
Business Information - Sixteenth Street Community Health Centers, Inc in Milwaukee, WI
1337 S. Cesar E. Chavez Drive
Milwaukee, WI 53204
All Other Outpatient Care Centers
NAICS code 621498
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Milwaukee
In the Milwaukee area, 2 businesses in the "All Other Outpatient Care Centers" industry received a PPP loan. These local businesses reported an average of 199 employees (compared to this company's 397) and received an average PPP loan of $2,198,776 (compared to this company's $4.38M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 17,160 businesses in the "All Other Outpatient Care Centers" industry received a total of $1.75B 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 10 employees, 97% lower than Sixteenth Street Community Health Centers, Inc's reported 397 employees, and received an average PPP loan of $102,024, 98% lower than this company's loan of $4.38M.
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Footnotes & Information
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