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PPP Loan Data — Young Men Christian Association Of Western North Carolina,
Asheville, NC
Young Men Christian Association Of Western North Carolina
Entity: Corporation
Industry: Civic and Social Organizations
Location: Asheville, NC
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Young Men Christian Association Of Western North Carolina is a corporation located at 40 Merrimon Ave in Asheville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,464,287.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
322Loan Approved:
2020-04-08Lender:
TD BANK, NATIONAL ASSOCIATIONYoung Men Christian Association Of Western North Carolina received a Paycheck Protection Loan of $2.46M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Young Men Christian Association Of Western North Carolina's total 2019 payroll expenses were approximately $11.83M in order to qualify for the PPP loan amount received.
Based on their reported 322 jobs retained, this equals an estimated average yearly compensation of $36,735 per employee1.
Business Information - Young Men Christian Association Of Western North Carolina in Asheville, NC
40 Merrimon Ave
Asheville, NC 28804
Business Industry
Civic and Social Organizations (NAICS code 813410)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-11Similar Companies near Asheville
In the Asheville area, 5 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 322) and received an average PPP loan of $508,445 (compared to this company's $2.46M).
Similar Nearby Businesses Who Received PPP Funding:
Journeymen, Inc
Asheville, NC
Elite Foundation Inc
Asheville, NC
Carolina Climbers Coalition
Asheville, NC
Asheville Writers In The Schools & Communities
Asheville, NC
Industry PPP Comparison Statistics
Nationwide, 11,463 businesses in the "Civic and Social Organizations" industry received a total of $1,562,132,328.00 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 16 employees, 95% lower than Young Men Christian Association Of Western North Carolina's reported 322 employees, and received an average PPP loan of $136,276, 94% lower than this company's loan of $2.46M.
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.
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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