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PPP Loan Data — Volunteers Of America Texas, Inc.,
Euless, TX
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:
Jobs Retained:
330Loan Approved:
2020-04-06Lender:
INDEPENDENT BANKVolunteers 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.
Business Information - Volunteers Of America Texas, Inc. in Euless, TX
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-24Industry 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.
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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