PPP Loan Data — Embassy Healthcare Holdings, Inc., Beachwood, OH
Embassy Healthcare Holdings, Inc.
Entity: Subchapter S Corporation
Location: Beachwood, OHTweet This • Search All PPP Data
Embassy Healthcare Holdings, Inc. is a subchapter s corporation located at 25201 Chagrin Blvd., Ste. 190 in Beachwood, Ohio that received a Coronavirus-related PPP loan from the SBA of $6,418,561.00 in April, 2020.
$ PPP Loan Information
Lender:THE FARMERS NATIONAL BANK OF CANFIELD
Embassy Healthcare Holdings, Inc. received a Paycheck Protection Loan of $6.42M through THE FARMERS NATIONAL BANK OF CANFIELD, which was approved in April, 2020.
Based on standard PPP eligibility rules, Embassy Healthcare Holdings, Inc.'s total 2019 payroll expenses were approximately $30.81M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $61,618 per employee1.
Business Information - Embassy Healthcare Holdings, Inc. in Beachwood, OH
25201 Chagrin Blvd., Ste. 190
Beachwood, OH 44122
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-11
Similar Companies near Beachwood
In the Beachwood area, 10 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 192 employees (compared to this company's 500) and received an average PPP loan of $1,676,375 (compared to this company's $6.42M).
Similar Nearby Businesses Who Received PPP Funding:
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The Montefiore Home
Stratford Commons Leasing, LLC
Phoenix Maple Heights Operating Co, LLC
Gateway Health Care Centre, LLC
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Industry PPP Comparison Statistics
Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 66 employees, 87% lower than Embassy Healthcare Holdings, Inc.'s reported 500 employees, and received an average PPP loan of $557,944, 91% lower than this company's loan of $6.42M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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