PPP Loan Data — Western Pennsylvania Conservancy, Pittsburgh, PA
Western Pennsylvania Conservancy is a non-profit organization located at 800 Waterfront Dr Floor 2 in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,549,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Western Pennsylvania Conservancy in Pittsburgh, PA received a Paycheck Protection Loan of $2.55M through PNC Bank, National Association, which was approved in April, 2020.
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, Western Pennsylvania Conservancy's 2019 payroll expenses are estimated to be at least $12.24M.
Based on their reported 236 jobs retained, this equals an estimated average yearly compensation of $51,848 per employee1
Reported PPP Proceed Usage:
On the PPP application, Western Pennsylvania Conservancy reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,549,200
Business Information - Western Pennsylvania Conservancy in Pittsburgh, PA
800 Waterfront Dr Floor 2
Pittsburgh, PA 15222
Civic and Social Organizations
NAICS code 813410
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Pittsburgh
In the Pittsburgh area, 11 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 236) and received an average PPP loan of $347,132 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
Wilkinsburg Community Development Corp
Nine Mile Run Watershed Association Inc
Jockey Club Of Etna
Allegheny Conference On Community Development
Pennsylvania Women Work
Friends Of The Riverfront Inc
Industry PPP Comparison Statistics
Nationwide, 18,550 businesses in the "Civic and Social Organizations" industry received a total of $2.6B 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 20 employees, 92% lower than Western Pennsylvania Conservancy's reported 236 employees, and received an average PPP loan of $140,085, 95% lower than this company's loan of $2.55M.
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Footnotes & Information
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