PPP Loan Data — United Way Of East Mississippi, Inc, Meridian, MS
United Way Of East Mississippi, Inc is a non-profit organization located at 4817 North Park Dr Suite B in Meridian, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,420.00 in April, 2020.
The company has reported itself as a Black or african american male owned non-profit, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Citizens National Bank of Meridian
United Way Of East Mississippi, Inc in Meridian, MS received a Paycheck Protection Loan of $25,420 through The Citizens National Bank of Meridian, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, United Way Of East Mississippi, Inc's 2019 payroll expenses are estimated to be at least $122,016.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,672 per employee1
Reported PPP Proceed Usage:
On the PPP application, United Way Of East Mississippi, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,420
Business Information - United Way Of East Mississippi, Inc in Meridian, MS
4817 North Park Dr Suite B
Meridian, MS 39305
Other Grantmaking and Giving Services
NAICS code 813219
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Meridian
In the Meridian area, 3 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $16,073 (compared to this company's $25,420).
Similar Nearby Businesses Who Received PPP Funding:
Community Foundation Of East MS, Inc
Mississippi Junior Miss Program Inc
Industry PPP Comparison Statistics
Nationwide, 9,799 businesses in the "Other Grantmaking and Giving Services" industry received a total of $1.32B 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 15 employees, 400% higher than United Way Of East Mississippi, Inc's reported 3 employees, and received an average PPP loan of $134,570, 429% higher than this company's loan of $25,420.
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Footnotes & Information
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