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PPP Loan Data — Foundation Properties,
Wichita, KS
Foundation Properties
Entity: Cooperative
Industry: Nursing Care Facilities (Skilled Nursing Facilities)
Location: Wichita, KS
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Foundation Properties is a cooperative located at C9360 E. Central, Suite 102 in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,477,892.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 427 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
427Loan Approved:
2020-04-06Lender:
THE CITIZENS NATIONAL BANKFoundation Properties received a Paycheck Protection Loan of $2.48M through THE CITIZENS NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Foundation Properties' total 2019 payroll expenses were approximately $11.89M in order to qualify for the PPP loan amount received.
Based on their reported 427 jobs retained, this equals an estimated average yearly compensation of $27,855 per employee1.
Business Information - Foundation Properties in Wichita, KS
C9360 E. Central, Suite 102
Wichita, KS 67206
Business Industry
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: KS-04Similar Companies near Wichita
In the Wichita area, 4 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 171 employees (compared to this company's 427) and received an average PPP loan of $963,777 (compared to this company's $2.48M).
Similar Nearby Businesses Who Received PPP Funding:
Dream Vision LLC
Wichita, KS
Center At Waterfront, LLC
Wichita, KS
Wichita Operations Associates LLC
Wichita, KS
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, 85% lower than Foundation Properties' reported 427 employees, and received an average PPP loan of $557,944, 77% lower than this company's loan of $2.48M.
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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