PPP Loan Data — St Gabriel's System, Philadelphia, PA
St Gabriel's System is a non-profit organization located at 222 17th St in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,311,998.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wilmington Savings Fund Society, FSB
St Gabriel's System in Philadelphia, PA received a Paycheck Protection Loan of $2.31M through Wilmington Savings Fund Society, FSB, 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 Gabriel's System's 2019 payroll expenses are estimated to be at least $11.1M.
Based on their reported 194 jobs retained, this equals an estimated average yearly compensation of $57,204 per employee1
Reported PPP Proceed Usage:
On the PPP application, St Gabriel's System reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,311,998
Business Information - St Gabriel's System in Philadelphia, PA
222 17th St
Philadelphia, PA 19103
Other Individual and Family Services
NAICS code 624190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Philadelphia
In the Philadelphia area, 27 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 194) and received an average PPP loan of $396,783 (compared to this company's $2.31M).
Similar Nearby Businesses Who Received PPP Funding:
Philadelphia Volunteer Lawyers
Philadelphia International Medicine LLC
Philadelphia Ronald Mcdonald House
Pennsylvania Health Access Network
Benefits Data Trust
Intercultural Family Services Inc
Catholic Social Services
Industry PPP Comparison Statistics
Nationwide, 25,118 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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 16 employees, 92% lower than St Gabriel's System's reported 194 employees, and received an average PPP loan of $117,860, 95% lower than this company's loan of $2.31M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!