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PPP Loan Data — Young Men's Christian Association Of He Pikes Peak Region, Colorado Springs, CO

SBA PPP loan data, payroll data, and salaries for Young Men's Christian Association Of He Pikes Peak Region
CO Nonprofit Organization

Young Men's Christian Association Of He Pikes Peak Region

Entity: Non-profit Organization

Industry: Religious Organizations

Location: Colorado Springs, CO

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Young Men's Christian Association Of He Pikes Peak Region is a non-profit organization located at 316 N Tejon in Colorado Springs, Colorado that received a Coronavirus-related PPP loan from the SBA of $3,508,420.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.51M

Jobs Retained:

401

Loan Approved:

2020-04-06

Lender:

BBVA USA

Young Men's Christian Association Of He Pikes Peak Region in Colorado Springs, CO received a Paycheck Protection Loan of $3.51M through BBVA USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Young Men's Christian Association Of He Pikes Peak Region's total 2019 payroll expenses were approximately $16.84M in order to qualify for the PPP loan amount received.

Based on their reported 401 jobs retained, this equals an estimated average yearly compensation of $41,996 per employee1.

Because the loan received by Young Men's Christian Association Of He Pikes Peak Region 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's Christian Association Of He Pikes Peak Region in Colorado Springs, CO

Young Men's Christian Association Of He Pikes Peak Region
316 N Tejon
Colorado Springs, CO 80903

Business Industry

Religious Organizations (NAICS code 813110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CO-05

Similar Companies near Colorado Springs

In the Colorado Springs area, 30 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 401) and received an average PPP loan of $248,883 (compared to this company's $3.51M).

Industry PPP Comparison Statistics

Nationwide, 90,482 businesses in the "Religious Organizations" industry received a total of $7,309,297,472.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 97% lower than Young Men's Christian Association Of He Pikes Peak Region's reported 401 employees, and received an average PPP loan of $80,782, 98% lower than this company's loan of $3.51M.

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, 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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Source: www.federalpay.org/paycheck-protection-program/young-mens-christian-association-of-he-pikes-peak-region-colorado-springs-co