PPP Loan Data — Foundation Properties, Wichita, KS
Location: Wichita, KSTweet This • Search All PPP Data
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
Lender:THE CITIZENS NATIONAL BANK
Foundation 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
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: KS-04
Similar 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
Center At Waterfront, LLC
Wichita Operations Associates LLC
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.
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