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PPP Loan Data — Volunteers Of America Texas, Inc., Euless, TX

SBA PPP loan data, payroll data, and salaries for Volunteers Of America Texas, Inc.
TX Nonprofit Organization

Volunteers Of America Texas, Inc.

Entity: Non-profit Organization

Industry: Other Social Advocacy Organizations

Location: Euless, TX

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Volunteers Of America Texas, Inc. is a non-profit organization located at 300 East Midway Drive in Euless, Texas that received a Coronavirus-related PPP loan from the SBA of $2,475,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.48M

Jobs Retained:

330

Loan Approved:

2020-04-06

Lender:

INDEPENDENT BANK

Volunteers Of America Texas, Inc. in Euless, TX received a Paycheck Protection Loan of $2.48M through INDEPENDENT BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Volunteers Of America Texas, Inc.'s total 2019 payroll expenses were approximately $11.88M in order to qualify for the PPP loan amount received.

Based on their reported 330 jobs retained, this equals an estimated average yearly compensation of $36,010 per employee1.

Because the loan received by Volunteers Of America Texas, Inc. 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 Texas, Inc. in Euless, TX

Volunteers Of America Texas, Inc.
300 East Midway Drive
Euless, TX 76039

Business Industry

Other Social Advocacy Organizations (NAICS code 813319)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-24

Industry PPP Comparison Statistics

Nationwide, 5,930 businesses in the "Other Social Advocacy Organizations" industry received a total of $1,048,421,927.00 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 17 employees, 95% lower than Volunteers Of America Texas, Inc.'s reported 330 employees, and received an average PPP loan of $176,800, 93% lower than this company's loan of $2.48M.

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, 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-texas-inc-euless-tx