PPP Loan Data — Ymca Of Cass And Clay Counties, Fargo, ND
Ymca Of Cass And Clay Counties is a non-profit organization located at 400 1st Ave in Fargo, North Dakota that received a Coronavirus-related PPP loan from the SBA of $2,380,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Ymca Of Cass And Clay Counties in Fargo, ND received a Paycheck Protection Loan of $2.38M through Bell Bank, 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, Ymca Of Cass And Clay Counties' 2019 payroll expenses are estimated to be at least $11.43M.
Based on their reported 305 jobs retained, this equals an estimated average yearly compensation of $37,462 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ymca Of Cass And Clay Counties reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,380,400
Business Information - Ymca Of Cass And Clay Counties in Fargo, ND
400 1st Ave
Fargo, ND 58103
Fitness and Recreational Sports Centers
NAICS code 713940
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fargo
In the Fargo area, 33 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 305) and received an average PPP loan of $135,147 (compared to this company's $2.38M).
Similar Nearby Businesses Who Received PPP Funding:
Organization For Safe Athletics For Kids, Inc
T & V Endeavors Limited
Family Wellness LLC
Four Star Ninja Academy LLC
FIT Elements LLC
Innovative Gym Solutions
Industry PPP Comparison Statistics
Nationwide, 62,038 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.97B 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 12 employees, 96% lower than Ymca Of Cass And Clay Counties' reported 305 employees, and received an average PPP loan of $47,823, 98% lower than this company's loan of $2.38M.
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Footnotes & Information
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