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PPP Loan Data — Young Men Christian Association Of Western North Carolina, Asheville, NC

SBA PPP loan data, payroll data, and salaries for Young Men Christian Association Of Western North Carolina
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:

$2.46M

Jobs Retained:

322

Loan Approved:

2020-04-08

Lender:

TD BANK, NATIONAL ASSOCIATION

Young 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.

Because the loan received by Young Men Christian Association Of Western North Carolina 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 - Young Men Christian Association Of Western North Carolina in Asheville, NC

Young Men Christian Association Of Western North Carolina
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-11

Similar 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).

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.

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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/young-men-christian-association-of-western-north-carolina-asheville-nc