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PPP Loan Data — Youth Opportunity Center, Inc., Muncie, IN

SBA PPP loan data, payroll data, and salaries for Youth Opportunity Center, Inc.
IN

Youth Opportunity Center, Inc.

Entity: Corporation

Industry: Residential Mental Health and Substance Abuse Facilities

Location: Muncie, IN

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Youth Opportunity Center, Inc. is a corporation located at 3700 W Kilgore Ave in Muncie, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,571,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.57M

Jobs Retained:

463

Loan Approved:

2020-04-10

Lender:

OLD NATIONAL BANK

Youth Opportunity Center, Inc. in Muncie, IN received a Paycheck Protection Loan of $3.57M through OLD NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Youth Opportunity Center, Inc.'s total 2019 payroll expenses were approximately $17.15M in order to qualify for the PPP loan amount received.

Based on their reported 463 jobs retained, this equals an estimated average yearly compensation of $37,030 per employee1.

Because the loan received by Youth Opportunity Center, Inc. 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 - Youth Opportunity Center, Inc. in Muncie, IN

Youth Opportunity Center, Inc.
3700 W Kilgore Ave
Muncie, IN 47304

Business Industry

Residential Mental Health and Substance Abuse Facilities (NAICS code 623220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-06

Industry PPP Comparison Statistics

Nationwide, 2,121 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a total of $773,399,773.00 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 38 employees, 92% lower than Youth Opportunity Center, Inc.'s reported 463 employees, and received an average PPP loan of $364,639, 90% lower than this company's loan of $3.57M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/youth-opportunity-center-inc-muncie-in