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PPP Loan Data — Volunteers Of America, Southwest California, Incorporation, San Diego, CA

SBA PPP loan data, payroll data, and salaries for Volunteers Of America, Southwest California, Incorporation
CA Nonprofit Organization

Volunteers Of America, Southwest California, Incorporation

Entity: Non-profit Organization

Industry: Child Day Care Services

Location: San Diego, CA

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Volunteers Of America, Southwest California, Incorporation is a non-profit organization located at 3530 Camino Del Rio North #300 in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $2,593,700.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.59M

Jobs Retained:

201

Loan Approved:

2020-05-01

Lender:

ZIONS BANK, A DIVISION OF

Volunteers Of America, Southwest California, Incorporation received a Paycheck Protection Loan of $2.59M through ZIONS BANK, A DIVISION OF, which was approved in May, 2020.

Based on standard PPP eligibility rules, Volunteers Of America, Southwest California, Incorporation's total 2019 payroll expenses were approximately $12.45M in order to qualify for the PPP loan amount received.

Based on their reported 201 jobs retained, this equals an estimated average yearly compensation of $61,939 per employee1.

Because the loan received by Volunteers Of America, Southwest California, Incorporation 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, Southwest California, Incorporation in San Diego, CA

Volunteers Of America, Southwest California, Incorporation
3530 Camino Del Rio North #300
San Diego, CA 92108

Business Industry

Child Day Care Services (NAICS code 624410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-53

Similar Companies near San Diego

In the San Diego area, 9 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 201) and received an average PPP loan of $354,016 (compared to this company's $2.59M).

Industry PPP Comparison Statistics

Nationwide, 42,269 businesses in the "Child Day Care Services" industry received a total of $2,725,013,735.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 95% lower than Volunteers Of America, Southwest California, Incorporation's reported 201 employees, and received an average PPP loan of $64,468, 98% lower than this company's loan of $2.59M.

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-southwest-california-incorporation-san-diego-ca