PPP Loan Data — ST. Catherine's Center For Children, Albany, NY
ST. Catherine's Center For Children is a non-profit organization located at 40 North Main Avenue in Albany, New York that received a Coronavirus-related PPP loan from the SBA of $2,326,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
ST. Catherine's Center For Children in Albany, NY received a Paycheck Protection Loan of $2.33M through KeyBank National Association, which was approved in April, 2020.
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, ST. Catherine's Center For Children's 2019 payroll expenses are estimated to be at least $11.17M.
Based on their reported 315 jobs retained, this equals an estimated average yearly compensation of $35,451 per employee1
Reported PPP Proceed Usage:
On the PPP application, ST. Catherine's Center For Children reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,326,500
Business Information - ST. Catherine's Center For Children in Albany, NY
40 North Main Avenue
Albany, NY 12203
Child and Youth Services
NAICS code 624110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Albany
In the Albany area, 4 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 148 employees (compared to this company's 315) and received an average PPP loan of $1,264,129 (compared to this company's $2.33M).
Similar Nearby Businesses Who Received PPP Funding:
Girls On The Run Capital Region
Second Chance Opportunities Inc
Industry PPP Comparison Statistics
Nationwide, 14,718 businesses in the "Child and Youth Services" industry received a total of $1.94B 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 18 employees, 94% lower than ST. Catherine's Center For Children's reported 315 employees, and received an average PPP loan of $132,042, 94% lower than this company's loan of $2.33M.
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Footnotes & Information
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