PPP Loan Data — Ecumenical Enterprises Inc, Dallas, PA
Ecumenical Enterprises Inc
Entity: Non-profit Organization
Location: Dallas, PATweet This • Search All PPP Data
Ecumenical Enterprises Inc is a non-profit organization located at 3135 Memorial Highway in Dallas, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,702,555.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Ecumenical Enterprises Inc in Dallas, PA received a Paycheck Protection Loan of $1.7M through FNCB 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 January, 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, Ecumenical Enterprises Inc's 2019 payroll expenses are estimated to be at least $8.17M.
Based on their reported 165 jobs retained, this equals an estimated average yearly compensation of $49,529 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ecumenical Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,702,555
Business Information - Ecumenical Enterprises Inc in Dallas, PA
3135 Memorial Highway
Dallas, PA 18612
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 2 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 156 employees (compared to this company's 165) and received an average PPP loan of $1,306,540 (compared to this company's $1.7M).
Similar Nearby Businesses Who Received PPP Funding:
Mercy Center Nursing Unit Inc
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, 64% lower than Ecumenical Enterprises Inc's reported 165 employees, and received an average PPP loan of $442,944, 74% lower than this company's loan of $1.7M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!