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PPP Loan Data — Arkansas Hospice Inc, North Little Rock, AR

SBA PPP loan data, payroll data, and salaries for Arkansas Hospice Inc
AR Nonprofit Organization

Arkansas Hospice Inc

Entity: Non-profit Organization

Industry: Continuing Care Retirement Communities

Location: North Little Rock, AR

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Arkansas Hospice Inc is a non-profit organization located at 14 Parkstone Cir in North Little Rock, Arkansas that received a Coronavirus-related PPP loan from the SBA of $5,437,500.00 in June, 2020.

The company has reported itself as a White female owned non-profit, and employed at least 441 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.44M

Jobs Retained:

441

Loan Approved:

2020-06-15

Lender:

FIRST SECURITY BANK

Arkansas Hospice Inc in North Little Rock, AR received a Paycheck Protection Loan of $5.44M through FIRST SECURITY BANK, which was approved in June, 2020.

Based on standard PPP eligibility rules, Arkansas Hospice Inc's total 2019 payroll expenses were approximately $26.1M in order to qualify for the PPP loan amount received.

Based on their reported 441 jobs retained, this equals an estimated average yearly compensation of $59,184 per employee1.

Because the loan received by Arkansas Hospice 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 - Arkansas Hospice Inc in North Little Rock, AR

Arkansas Hospice Inc
14 Parkstone Cir
North Little Rock, AR 72116

Business Industry

Continuing Care Retirement Communities (NAICS code 623311)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: AR-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, 84% lower than Arkansas Hospice Inc's reported 441 employees, and received an average PPP loan of $576,319, 89% lower than this company's loan of $5.44M.

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/arkansas-hospice-inc-north-little-rock-ar