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PPP Loan Data — Ywca Of Minneapolis, Minneapolis, MN

SBA PPP loan data, payroll data, and salaries for Ywca Of Minneapolis
MN Nonprofit Organization

Ywca Of Minneapolis

Entity: Non-profit Organization

Industry: Civic and Social Organizations

Location: Minneapolis, MN

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Ywca Of Minneapolis is a non-profit organization located at 1130 Nicollet Mall in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,455,891.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.46M

Jobs Retained:

492

Loan Approved:

2020-04-27

Lender:

SELF-HELP FCU

Ywca Of Minneapolis received a Paycheck Protection Loan of $2.46M through SELF-HELP FCU, which was approved in April, 2020.

Based on standard PPP eligibility rules, Ywca Of Minneapolis' total 2019 payroll expenses were approximately $11.79M in order to qualify for the PPP loan amount received.

Based on their reported 492 jobs retained, this equals an estimated average yearly compensation of $23,960 per employee1.

Because the loan received by Ywca Of Minneapolis 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 - Ywca Of Minneapolis in Minneapolis, MN

Ywca Of Minneapolis
1130 Nicollet Mall
Minneapolis, MN 55403

Business Industry

Civic and Social Organizations (NAICS code 813410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MN-05

Similar Companies near Minneapolis

In the Minneapolis area, 5 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 492) and received an average PPP loan of $658,561 (compared to this company's $2.46M).

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, 97% lower than Ywca Of Minneapolis' reported 492 employees, and received an average PPP loan of $136,276, 94% lower than this company's loan of $2.46M.

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/ywca-of-minneapolis-minneapolis-mn