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PPP Loan Data — The Mental Health Association Of Westchester, Tarrytown, NY

SBA PPP loan data, payroll data, and salaries for The Mental Health Association Of Westchester
NY Nonprofit Organization

The Mental Health Association Of Westchester

Entity: Non-profit Organization

Industry: Professional Organizations

Location: Tarrytown, NY

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The Mental Health Association Of Westchester is a non-profit organization located at 580 White Plains Rd Ste 510 in Tarrytown, New York that received a Coronavirus-related PPP loan from the SBA of $2,853,580.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.85M

Jobs Retained:

250

Loan Approved:

2020-04-11

Lender:

TD BANK, NATIONAL ASSOCIATION

The Mental Health Association Of Westchester in Tarrytown, NY received a Paycheck Protection Loan of $2.85M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Mental Health Association Of Westchester's total 2019 payroll expenses were approximately $13.7M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $54,789 per employee1.

Because the loan received by The Mental Health Association Of Westchester 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 Mental Health Association Of Westchester in Tarrytown, NY

The Mental Health Association Of Westchester
580 White Plains Rd Ste 510
Tarrytown, NY 10591

Business Industry

Professional Organizations (NAICS code 813920)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-17

Similar Companies near Tarrytown

In the Tarrytown area, 3 businesses in the "Professional Organizations" industry received a PPP loan. These local businesses reported an average of 93 employees (compared to this company's 250) and received an average PPP loan of $1,024,553 (compared to this company's $2.85M).

Industry PPP Comparison Statistics

Nationwide, 5,854 businesses in the "Professional Organizations" industry received a total of $547,492,722.00 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 7 employees, 97% lower than The Mental Health Association Of Westchester's reported 250 employees, and received an average PPP loan of $93,525, 97% lower than this company's loan of $2.85M.

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.

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.


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Source: www.federalpay.org/paycheck-protection-program/the-mental-health-association-of-westchester-tarrytown-ny