PPP Loan Data — Emory Valley Center, Oak Ridge, TN
Emory Valley Center
Entity: Non-profit Organization
Location: Oak Ridge, TNTweet This • Search All PPP Data
Emory Valley Center is a non-profit organization located at 723 Emory Valley Rd in Oak Ridge, Tennessee that received a Coronavirus-related PPP loan from the SBA of $1,994,443.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 342 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Emory Valley Center in Oak Ridge, TN received a Paycheck Protection Loan of $1.99M through Pinnacle 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 May, 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, Emory Valley Center's 2019 payroll expenses are estimated to be at least $9.57M.
Based on their reported 342 jobs retained, this equals an estimated average yearly compensation of $27,992 per employee1
Reported PPP Proceed Usage:
On the PPP application, Emory Valley Center reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,994,443
Business Information - Emory Valley Center in Oak Ridge, TN
723 Emory Valley Rd
Oak Ridge, TN 37830
Services for the Elderly and Persons with Disabilities
NAICS code 624120
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 13,270 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $2.13B 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 27 employees, 92% lower than Emory Valley Center's reported 342 employees, and received an average PPP loan of $160,784, 92% lower than this company's loan of $1.99M.
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Footnotes & Information
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