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PPP Loan Data — Episcopal Communities & Services For Seniors, Monrovia, CA

SBA PPP loan data, payroll data, and salaries for Episcopal Communities & Services For Seniors
CA Nonprofit Organization

Episcopal Communities & Services For Seniors

Entity: Non-profit Organization

Industry: Continuing Care Retirement Communities

Location: Monrovia, CA

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Episcopal Communities & Services For Seniors is a non-profit organization located at 605 East Huntington Drive Ste 207 in Monrovia, California that received a Coronavirus-related PPP loan from the SBA of $2,840,817.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.84M

Jobs Retained:

317

Loan Approved:

2020-04-29

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Episcopal Communities & Services For Seniors received a Paycheck Protection Loan of $2.84M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Episcopal Communities & Services For Seniors' total 2019 payroll expenses were approximately $13.64M in order to qualify for the PPP loan amount received.

Based on their reported 317 jobs retained, this equals an estimated average yearly compensation of $43,016 per employee1.

Because the loan received by Episcopal Communities & Services For Seniors 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 - Episcopal Communities & Services For Seniors in Monrovia, CA

Episcopal Communities & Services For Seniors
605 East Huntington Drive Ste 207
Monrovia, CA 91016

Business Industry

Continuing Care Retirement Communities (NAICS code 623311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-32

Similar Companies near Monrovia

In the Monrovia area, 2 businesses in the "Continuing Care Retirement Communities" industry received a PPP loan. These local businesses reported an average of 221 employees (compared to this company's 317) and received an average PPP loan of $1,968,317 (compared to this company's $2.84M).

Similar Nearby Businesses Who Received PPP Funding:

Montecedro Inc.
Monrovia, CA

$1.1M PPP Loan

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, 78% lower than Episcopal Communities & Services For Seniors' reported 317 employees, and received an average PPP loan of $576,319, 80% lower than this company's loan of $2.84M.

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.

Search FederalPay's Full PPP Loan Database

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/episcopal-communities-and-services-for-seniors-monrovia-ca