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PPP Loan Data — Volunteers Of America Delaware Valley, Camden, NJ

SBA PPP loan data, payroll data, and salaries for Volunteers Of America Delaware Valley
NJ Nonprofit Organization

Volunteers Of America Delaware Valley

Entity: Non-profit Organization

Industry: Civic and Social Organizations

Location: Camden, NJ

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Volunteers Of America Delaware Valley is a non-profit organization located at 531 Market Street in Camden, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,616,370.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.62M

Jobs Retained:

405

Loan Approved:

2020-04-13

Lender:

TD BANK, NATIONAL ASSOCIATION

Volunteers Of America Delaware Valley received a Paycheck Protection Loan of $3.62M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Volunteers Of America Delaware Valley's total 2019 payroll expenses were approximately $17.36M in order to qualify for the PPP loan amount received.

Based on their reported 405 jobs retained, this equals an estimated average yearly compensation of $42,861 per employee1.

Because the loan received by Volunteers Of America Delaware Valley 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 - Volunteers Of America Delaware Valley in Camden, NJ

Volunteers Of America Delaware Valley
531 Market Street
Camden, NJ 8102

Business Industry

Civic and Social Organizations (NAICS code 813410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-01

Industry PPP Comparison Statistics

Nationwide, 11,463 businesses in the "Civic and Social Organizations" industry received a total of $1,562,132,328.00 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 16 employees, 96% lower than Volunteers Of America Delaware Valley's reported 405 employees, and received an average PPP loan of $136,276, 96% lower than this company's loan of $3.62M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/volunteers-of-america-delaware-valley-camden-nj