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PPP Loan Data — Young Mens Christian Association, Dayton, OH

SBA PPP loan data, payroll data, and salaries for Young Mens Christian Association
OH Nonprofit Organization

Young Mens Christian Association

Entity: Non-profit Organization

Industry: Civic and Social Organizations

Location: Dayton, OH

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Young Mens Christian Association is a non-profit organization located at 118 W 1st St in Dayton, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,954,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.95M

Jobs Retained:

331

Loan Approved:

2020-04-13

Lender:

PNC BANK, NATIONAL ASSOCIATION

Young Mens Christian Association received a Paycheck Protection Loan of $2.95M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Young Mens Christian Association's total 2019 payroll expenses were approximately $14.18M in order to qualify for the PPP loan amount received.

Based on their reported 331 jobs retained, this equals an estimated average yearly compensation of $42,837 per employee1.

Because the loan received by Young Mens Christian Association 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 Mens Christian Association in Dayton, OH

Young Mens Christian Association
118 W 1st St
Dayton, OH 45402

Business Industry

Civic and Social Organizations (NAICS code 813410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-10

Similar Companies near Dayton

In the Dayton area, 6 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 331) and received an average PPP loan of $593,144 (compared to this company's $2.95M).

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 Mens Christian Association's reported 331 employees, and received an average PPP loan of $136,276, 95% lower than this company's loan of $2.95M.

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-mens-christian-association-dayton-oh