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PPP Loan Data — Advent Christian Village, Inc., Live Oak, FL

SBA PPP loan data, payroll data, and salaries for Advent Christian Village, Inc.
FL Nonprofit Organization

Advent Christian Village, Inc.

Entity: Non-profit Organization

Industry: Continuing Care Retirement Communities

Location: Live Oak, FL

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Advent Christian Village, Inc. is a non-profit organization located at 10680 Dowling Park Drive in Live Oak, Florida that received a Coronavirus-related PPP loan from the SBA of $2,762,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.76M

Jobs Retained:

250

Loan Approved:

2020-04-05

Lender:

FIRST FEDERAL BANK

Advent Christian Village, Inc. in Live Oak, FL received a Paycheck Protection Loan of $2.76M through FIRST FEDERAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Advent Christian Village, Inc.'s total 2019 payroll expenses were approximately $13.26M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $53,044 per employee1.

Because the loan received by Advent Christian Village, 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 - Advent Christian Village, Inc. in Live Oak, FL

Advent Christian Village, Inc.
10680 Dowling Park Drive
Live Oak, FL 32060

Business Industry

Continuing Care Retirement Communities (NAICS code 623311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-02

Industry PPP Comparison Statistics

Nationwide, 2,172 businesses in the "Continuing Care Retirement Communities" industry received a total of $1,251,764,538.00 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 69 employees, 72% lower than Advent Christian Village, Inc.'s reported 250 employees, and received an average PPP loan of $576,319, 79% lower than this company's loan of $2.76M.

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/advent-christian-village-inc-live-oak-fl