PPP Loan Data — Young Men's Christian Association Of Metropolitan Denver, Denver, CO
Young Men's Christian Association Of Metropolitan Denver is a non-profit organization located at 2625 S Colorado Blvd in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,914,300.00 in April, 2020.
$ PPP Loan Information
Young Men's Christian Association Of Metropolitan Denver in Denver, CO received a Paycheck Protection Loan of $2.91M through FIRSTBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Young Men's Christian Association Of Metropolitan Denver's total 2019 payroll expenses were approximately $13.99M in order to qualify for the PPP loan amount received.
Based on their reported 406 jobs retained, this equals an estimated average yearly compensation of $34,455 per employee1.
Business Information - Young Men's Christian Association Of Metropolitan Denver in Denver, CO
2625 S Colorado Blvd
Denver, CO 80222
Religious Organizations (NAICS code 813110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CO-01
Similar Companies near Denver
In the Denver area, 23 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 406) and received an average PPP loan of $202,769 (compared to this company's $2.91M).
Similar Nearby Businesses Who Received PPP Funding:
Rocky Mountain Synod Of The Evangelical Lutheran Church
Berkeley Heights Community Congregational Church
St Rosa Of Lima Catholic Parish Denver
Denver Spanish Foursquare Church
Grace United Methodist Church
Celebration Community Church Of Denver
Denver Christian Bible Church
Risen Christ Catholic Parish
University Hills Lutheran Church
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 Metropolitan Denver's reported 406 employees, and received an average PPP loan of $80,782, 97% lower than this company's loan of $2.91M.
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.
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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