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PPP Loan Data — The Council Of State Governments LTD, Lexington, KY

SBA PPP loan data, payroll data, and salaries for The Council Of State Governments LTD
KY Nonprofit Organization

The Council Of State Governments LTD

Entity: Non-profit Organization

Industry: Other General Government Support

Location: Lexington, KY

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The Council Of State Governments LTD is a non-profit organization located at 1776 Avenue Of The States in Lexington, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,502,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.5M

Jobs Retained:

222

Loan Approved:

2020-04-03

Lender:

TRADITIONAL BANK, INC.

The Council Of State Governments LTD in Lexington, KY received a Paycheck Protection Loan of $2.5M through TRADITIONAL BANK, INC., which was approved in April, 2020.

Based on standard PPP eligibility rules, The Council Of State Governments LTD's total 2019 payroll expenses were approximately $12.01M in order to qualify for the PPP loan amount received.

Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $54,108 per employee1.

Because the loan received by The Council Of State Governments LTD 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 - The Council Of State Governments LTD in Lexington, KY

The Council Of State Governments LTD
1776 Avenue Of The States
Lexington, KY 40511

Business Industry

Other General Government Support (NAICS code 921190)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: KY-06

Industry PPP Comparison Statistics

Nationwide, 567 businesses in the "Other General Government Support" industry received a total of $80,062,288.00 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 12 employees, 95% lower than The Council Of State Governments LTD's reported 222 employees, and received an average PPP loan of $141,203, 94% lower than this company's loan of $2.5M.

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, and is published unmodified, as provided by the SBA.

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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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/the-council-of-state-governments-ltd-lexington-ky