People For The Ethical Treatment Of Animals Inc
PPP Loan Data — People For The Ethical Treatment Of Animals Inc, Norfolk, VA
Industry: Environment, Conservation and Wildlife Organizations
Location: Norfolk, VA
People For The Ethical Treatment Of Animals Inc is a non-profit organization located at 501 Front Street in Norfolk, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,603,800.00 in April, 2020.
PNC Bank, National Association
People For The Ethical Treatment Of Animals Inc in Norfolk, VA received a Paycheck Protection Loan of $2.6M through PNC Bank, National Association, which was approved in April, 2020.
For People For The Ethical Treatment Of Animals Inc, the calculation used to estimate payroll costs is shown below:
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, People For The Ethical Treatment Of Animals Inc's 2019 payroll expenses are estimated to be at least $12.5M.
On the PPP application, People For The Ethical Treatment Of Animals Inc reported intending to use the proceeds of their PPP loan for the following expenses:
Because the loan received by People For The Ethical Treatment Of Animals 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 - People For The Ethical Treatment Of Animals Inc in Norfolk, VA
Environment, Conservation and Wildlife Organizations
Business Age:
Norfolk City County, VA — SBA Office 0304 — Congressional District: VA-03
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as People For The Ethical Treatment Of Animals Inc.
Foundation To Support Animal Protection
Office Administrative Services
Nationwide, 3,905 businesses in the "Environment, Conservation and Wildlife Organizations" industry received a total of $506.26M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 14 employees, 94% lower than People For The Ethical Treatment Of Animals Inc's reported 219 employees, and received an average PPP loan of $129,644, 95% lower than this company's loan of $2.6M.
Source: www.federalpay.org/paycheck-protection-program/people-for-the-ethical-treatment-of-animals-inc-norfolk-va