PPP Loan Data — United Way Of Pitt County, Greenville, NC
United Way Of Pitt County is a non-profit organization located at 226 8th St in Greenville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $46,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Select Bank & Trust Company
United Way Of Pitt County in Greenville, NC received a Paycheck Protection Loan of $46,400 through Select Bank & Trust Company, 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 Pitt County's 2019 payroll expenses are estimated to be at least $222,720.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, United Way Of Pitt County reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,400
Business Information - United Way Of Pitt County in Greenville, NC
226 8th St
Greenville, NC 27834
Other Grantmaking and Giving Services
NAICS code 813219
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Greenville
In the Greenville area, 3 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 3) and received an average PPP loan of $35,133 (compared to this company's $46,400).
Similar Nearby Businesses Who Received PPP Funding:
Service League Of Greenville, Inc
United Way Of Pitt County 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 Pitt County's reported 3 employees, and received an average PPP loan of $134,570, 190% higher than this company's loan of $46,400.
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Footnotes & Information
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