PPP Loan Data — Sparrow Counseling, LLC, Birmingham, AL
Sparrow Counseling, LLC
Entity: Self-employed Individual
Location: Birmingham, ALTweet This • Search All PPP Data
Sparrow Counseling, LLC is a self-employed individual located in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $24,975.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Sparrow Counseling, LLC in Birmingham, AL received a Paycheck Protection Loan of $24,975 through Regions Bank, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Sparrow Counseling, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,975
Business Information - Sparrow Counseling, LLC in Birmingham, AL
* Full address is redacted to protect the privacy of individuals.
Offices of Mental Health Practitioners (except Physicians)
NAICS code 621330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Birmingham
In the Birmingham area, 17 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $27,158 (compared to this company's $24,975).
Similar Nearby Businesses Who Received PPP Funding:
Jacqueline Dillon Demarco, PHD, PC
Heather L Hagins
Daniel J. Sullivan Psyd LLC
Denise L Fournet, PHD., LLC
DR. Alan D. Blotcky, PHD
New Insight Health Services
Mosaic Wellness LLC
Industry PPP Comparison Statistics
Nationwide, 35,652 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a total of $1.26B 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 4 employees, 300% higher than Sparrow Counseling, LLC's reported 1 employees, and received an average PPP loan of $35,352, 42% higher than this company's loan of $24,975.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!