PPP Loan Data — Dallas Mennonite Retirement Community, Inc, Dallas, OR
Dallas Mennonite Retirement Community, Inc
Entity: Non-profit Organization
Location: Dallas, ORTweet This • Search All PPP Data
Dallas Mennonite Retirement Community, Inc is a non-profit organization located at 377 Nw Jasper St in Dallas, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,306,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Dallas Mennonite Retirement Community, Inc in Dallas, OR received a Paycheck Protection Loan of $2.31M through Citizens Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Dallas Mennonite Retirement Community, Inc's 2019 payroll expenses are estimated to be at least $11.07M.
Based on their reported 322 jobs retained, this equals an estimated average yearly compensation of $34,375 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dallas Mennonite Retirement Community, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,306,000
Business Information - Dallas Mennonite Retirement Community, Inc in Dallas, OR
377 Nw Jasper St
Dallas, OR 97338
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B 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 60 employees, 81% lower than Dallas Mennonite Retirement Community, Inc's reported 322 employees, and received an average PPP loan of $442,944, 81% lower than this company's loan of $2.31M.
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Footnotes & Information
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