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PPP Loan Data — The Opportunity Alliance, South Portland, ME

SBA PPP loan data, payroll data, and salaries for The Opportunity Alliance
ME Nonprofit Organization

The Opportunity Alliance

Entity: Non-profit Organization

Industry: Other Social Advocacy Organizations

Location: South Portland, ME

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The Opportunity Alliance is a non-profit organization located at 50 Lydia Lane in South Portland, Maine that received a Coronavirus-related PPP loan from the SBA of $4,119,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.12M

Jobs Retained:

250

Loan Approved:

2020-04-05

Lender:

MACHIAS SAVINGS BANK

The Opportunity Alliance in South Portland, ME received a Paycheck Protection Loan of $4.12M through MACHIAS SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Opportunity Alliance's total 2019 payroll expenses were approximately $19.77M 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 $79,096 per employee1.

Because the loan received by The Opportunity Alliance 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 Opportunity Alliance in South Portland, ME

The Opportunity Alliance
50 Lydia Lane
South Portland, ME 04106

Business Industry

Other Social Advocacy Organizations (NAICS code 813319)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: ME-01

Industry PPP Comparison Statistics

Nationwide, 5,930 businesses in the "Other Social Advocacy Organizations" industry received a total of $1,048,421,927.00 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 17 employees, 93% lower than The Opportunity Alliance's reported 250 employees, and received an average PPP loan of $176,800, 96% lower than this company's loan of $4.12M.

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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Source: www.federalpay.org/paycheck-protection-program/the-opportunity-alliance-south-portland-me