PPP Loan Data — United Way Of Greater Cleveland, Cleveland, OH
United Way Of Greater Cleveland is a non-profit organization located at 1331 Euclid Ave in Cleveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,903,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
United Way Of Greater Cleveland in Cleveland, OH received a Paycheck Protection Loan of $1.9M through PNC Bank, National Association, 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 Greater Cleveland's 2019 payroll expenses are estimated to be at least $9.14M.
Based on their reported 133 jobs retained, this equals an estimated average yearly compensation of $68,694 per employee1
Reported PPP Proceed Usage:
On the PPP application, United Way Of Greater Cleveland reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,903,400
Business Information - United Way Of Greater Cleveland in Cleveland, OH
1331 Euclid Ave
Cleveland, OH 44115
Other Social Advocacy Organizations
NAICS code 813319
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Cleveland
In the Cleveland area, 10 businesses in the "Other Social Advocacy Organizations" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 133) and received an average PPP loan of $704,168 (compared to this company's $1.9M).
Similar Nearby Businesses Who Received PPP Funding:
Aids Taskforce Of Greater Cleveland
United Black Fund Of Greater Cleveland, Inc
The Cleveland Chapter Of The Ameri
Hands On Northeast Ohio
Because I Said I Would
Rocky River, OH
Western Reserve Area Agency On Aging
Domestic Violence And Child Advocacy Center
Cleveland Jobs With Justice
Rocky River, OH
Industry PPP Comparison Statistics
Nationwide, 9,921 businesses in the "Other Social Advocacy Organizations" industry received a total of $1.43B 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 16 employees, 88% lower than United Way Of Greater Cleveland's reported 133 employees, and received an average PPP loan of $144,360, 92% lower than this company's loan of $1.9M.
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Footnotes & Information
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