PPP Loan Data — Volunteers Of America Northern Rockies, Sheridan, WY
Volunteers Of America Northern Rockies is a non-profit organization located at 1876 S Sheridan Ave in Sheridan, Wyoming that received a Coronavirus-related PPP loan from the SBA of $1,939,440.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Interstate Bank
Volunteers Of America Northern Rockies in Sheridan, WY received a Paycheck Protection Loan of $1.94M through First Interstate Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
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, Volunteers Of America Northern Rockies' 2019 payroll expenses are estimated to be at least $9.31M.
Based on their reported 201 jobs retained, this equals an estimated average yearly compensation of $46,315 per employee1
Reported PPP Proceed Usage:
On the PPP application, Volunteers Of America Northern Rockies reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,939,440
Business Information - Volunteers Of America Northern Rockies in Sheridan, WY
1876 S Sheridan Ave
Sheridan, WY 82801
Other Community Housing Services
NAICS code 624229
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Sheridan
In the Sheridan area, 2 businesses in the "Other Community Housing Services" industry received a PPP loan. These local businesses reported an average of 104 employees (compared to this company's 201) and received an average PPP loan of $998,583 (compared to this company's $1.94M).
Similar Nearby Businesses Who Received PPP Funding:
Habitat For Humanity Of The Eastern Bighorns
Industry PPP Comparison Statistics
Nationwide, 3,220 businesses in the "Other Community Housing Services" industry received a total of $446.94M 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, 92% lower than Volunteers Of America Northern Rockies' reported 201 employees, and received an average PPP loan of $138,802, 93% lower than this company's loan of $1.94M.
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Footnotes & Information
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