PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Stoddard Baptist Global Care, Inc, Washington, DC

SBA PPP loan data, payroll data, and salaries for Stoddard Baptist Global Care, Inc
DC Nonprofit Organization

Stoddard Baptist Global Care, Inc

Entity: Non-profit Organization

Industry: Residential Mental Health and Substance Abuse Facilities

Location: Washington, DC

Search All PPP Data

Stoddard Baptist Global Care, Inc is a non-profit organization located at 2601 18th Street Northeast in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $3,245,900.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.25M

Jobs Retained:

402

Loan Approved:

2020-05-14

Lender:

NORTHEAST BANK

Stoddard Baptist Global Care, Inc received a Paycheck Protection Loan of $3.25M through NORTHEAST BANK, which was approved in May, 2020.

Based on standard PPP eligibility rules, Stoddard Baptist Global Care, Inc's total 2019 payroll expenses were approximately $15.58M in order to qualify for the PPP loan amount received.

Based on their reported 402 jobs retained, this equals an estimated average yearly compensation of $38,757 per employee1.

Because the loan received by Stoddard Baptist Global Care, Inc 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 - Stoddard Baptist Global Care, Inc in Washington, DC

Stoddard Baptist Global Care, Inc
2601 18th Street Northeast
Washington, DC 20018

Business Industry

Residential Mental Health and Substance Abuse Facilities (NAICS code 623220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: DC-

Similar Companies near Washington

In the Washington area, 2 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a PPP loan. These local businesses reported an average of 212 employees (compared to this company's 402) and received an average PPP loan of $1,671,240 (compared to this company's $3.25M).

Similar Nearby Businesses Who Received PPP Funding:

Maphantom Inc.
Washington, DC

$96,580 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,121 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a total of $773,399,773.00 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 38 employees, 91% lower than Stoddard Baptist Global Care, Inc's reported 402 employees, and received an average PPP loan of $364,639, 89% lower than this company's loan of $3.25M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/stoddard-baptist-global-care-inc-washington-dc