PPP Loan Data — Arkansas Hospice Inc, North Little Rock, AR
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
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.
Business Information - Arkansas Hospice Inc in North Little Rock, AR
14 Parkstone Cir
North Little Rock, AR 72116
Continuing Care Retirement Communities (NAICS code 623311)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional 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.
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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