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PPP Loan Data — Young Mens Christian Association Of Greater Long Beach, Long Beach, CA

SBA PPP loan data, payroll data, and salaries for Young Mens Christian Association Of Greater Long Beach
CA Nonprofit Organization

Young Mens Christian Association Of Greater Long Beach

Entity: Non-profit Organization

Industry: Civic and Social Organizations

Location: Long Beach, CA

Search All PPP Data

Young Mens Christian Association Of Greater Long Beach is a non-profit organization located at 3605 Long Beach Blvd Ste 210 in Long Beach, California that received a Coronavirus-related PPP loan from the SBA of $2,713,052.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.71M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-09

Lender:

FARMERS & MERCHANTS BANK OF LONG BEACH

Young Mens Christian Association Of Greater Long Beach received a Paycheck Protection Loan of $2.71M through FARMERS & MERCHANTS BANK OF LONG BEACH, which was approved in April, 2020.

Based on standard PPP eligibility rules, Young Mens Christian Association Of Greater Long Beach's total 2019 payroll expenses were approximately $13.02M in order to qualify for the PPP loan amount received.

Unlike most businesses, Young Mens Christian Association Of Greater Long Beach's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Young Mens Christian Association Of Greater Long Beach 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 Of Greater Long Beach in Long Beach, CA

Young Mens Christian Association Of Greater Long Beach
3605 Long Beach Blvd Ste 210
Long Beach, CA 90807

Business Industry

Civic and Social Organizations (NAICS code 813410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-47

Similar Companies near Long Beach

In the Long Beach area, 7 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 0) and received an average PPP loan of $524,790 (compared to this company's $2.71M).

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, and received an average PPP loan of $136,276, 95% lower than this company's loan of $2.71M.

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.

Search FederalPay's Full PPP Loan Database

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-of-greater-long-beach-long-beach-ca