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PPP Loan Data — The Arc Of Grays Harbor,
Aberdeen, WA
The Arc Of Grays Harbor
Entity: Professional Association
Industry: Services for the Elderly and Persons with Disabilities
Location: Aberdeen, WA
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The Arc Of Grays Harbor is a professional association located at 120 W 1st St in Aberdeen, Washington that received a Coronavirus-related PPP loan from the SBA of $22,441.00 in February, 2021.
$
PPP Loan Information
Loan #5282898500
Loan Size:
Jobs Retained:
3Loan Approved:
2021-02-27Loan Status:
Ongoing LoanLender:
Timberland BankThe Arc Of Grays Harbor in Aberdeen, WA received a Paycheck Protection Loan of $22,441 through Timberland Bank, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, The Arc Of Grays Harbor's 2019 payroll expenses are estimated to be at least $107,717.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $35,906 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Arc Of Grays Harbor reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,437
- Utilities: $1
Business Information - The Arc Of Grays Harbor in Aberdeen, WA
120 W 1st St
Aberdeen, WA 98520
Business Industry:
Services for the Elderly and Persons with Disabilities
NAICS code 624120
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Rural
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as The Arc Of Grays Harbor.
Beyond Survival
Other Individual and Family Services
Industry PPP Comparison Statistics
Nationwide, 13,075 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $2.13B 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 28 employees, 833% higher than The Arc Of Grays Harbor's reported 3 employees, and received an average PPP loan of $162,855, 626% higher than this company's loan of $22,441.
The Arc Of Grays Harbor
Entity: Professional Association
Industry: Civic and Social Organizations
Location: Aberdeen, WA
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The Arc Of Grays Harbor is a professional association located at 523 W 1st St in Aberdeen, Washington that received a Coronavirus-related PPP loan from the SBA of $16,700.00 in April, 2020.
$
PPP Loan Information
Loan #7950307007
Loan Size:
Jobs Retained:
5Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
Timberland BankThe Arc Of Grays Harbor in Aberdeen, WA received a Paycheck Protection Loan of $16,700 through Timberland Bank, 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 April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, The Arc Of Grays Harbor's 2019 payroll expenses are estimated to be at least $80,160.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $16,032 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Arc Of Grays Harbor reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $16,700
Business Information - The Arc Of Grays Harbor in Aberdeen, WA
523 W 1st St
Aberdeen, WA 98520
Business Industry:
Civic and Social Organizations
NAICS code 813410
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Rural
Similar Companies near Aberdeen
In the Aberdeen area, 4 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 5) and received an average PPP loan of $114,779 (compared to this company's $16,700).
Similar Nearby Businesses Who Received PPP Funding:
St Mary Catholic Church
Aberdeen, WA
Quinault Indian Nation
Aberdeen, WA
Grays Harbor Catholic Ministry Team
Aberdeen, WA
Industry PPP Comparison Statistics
Nationwide, 18,467 businesses in the "Civic and Social Organizations" industry received a total of $2.6B 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 20 employees, 300% higher than The Arc Of Grays Harbor's reported 5 employees, and received an average PPP loan of $140,720, 743% higher than this company's loan of $16,700.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
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