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PPP Loan Data — Care Pavilion Operating LLC, Philadelphia, PA

SBA PPP loan data, payroll data, and salaries for Care Pavilion Operating LLC
PA

Care Pavilion Operating LLC

Entity: Limited Liability Company (LLC)

Industry: Continuing Care Retirement Communities

Location: Philadelphia, PA

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Care Pavilion Operating LLC is a limited liability company (LLC) located at 6212 Walnut Street in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,621,405.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 388 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.62M

Jobs Retained:

388

Loan Approved:

2020-04-28

Lender:

DIME COMMUNITY BANK

Care Pavilion Operating LLC in Philadelphia, PA received a Paycheck Protection Loan of $3.62M through DIME COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Care Pavilion Operating LLC's total 2019 payroll expenses were approximately $17.38M in order to qualify for the PPP loan amount received.

Based on their reported 388 jobs retained, this equals an estimated average yearly compensation of $44,801 per employee1.

Because the loan received by Care Pavilion Operating LLC 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 - Care Pavilion Operating LLC in Philadelphia, PA

Care Pavilion Operating LLC
6212 Walnut Street
Philadelphia, PA 19139

Business Industry

Continuing Care Retirement Communities (NAICS code 623311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: PA-03

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, 82% lower than Care Pavilion Operating LLC's reported 388 employees, and received an average PPP loan of $576,319, 84% lower than this company's loan of $3.62M.

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/care-pavilion-operating-llc-philadelphia-pa