PPP Loan Data — Franklin Center Opco LLC, Chambersburg, PA
Franklin Center Opco LLC
Entity: Limited Liability Company (LLC)
Location: Chambersburg, PATweet This • Search All PPP Data
Franklin Center Opco LLC is a limited liability company (LLC) located at 201 Franklin Farm Lane in Chambersburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,646,900.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Franklin Center Opco LLC in Chambersburg, PA received a Paycheck Protection Loan of $1.65M through Renasant Bank, which was approved in May, 2020.
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, Franklin Center Opco LLC's 2019 payroll expenses are estimated to be at least $7.91M.
Based on their reported 171 jobs retained, this equals an estimated average yearly compensation of $46,229 per employee1
Reported PPP Proceed Usage:
On the PPP application, Franklin Center Opco LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,646,900
Business Information - Franklin Center Opco LLC in Chambersburg, PA
201 Franklin Farm Lane
Chambersburg, PA 17201
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Chambersburg
In the Chambersburg area, 2 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 86 employees (compared to this company's 171) and received an average PPP loan of $829,075 (compared to this company's $1.65M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B 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 60 employees, 65% lower than Franklin Center Opco LLC's reported 171 employees, and received an average PPP loan of $442,944, 73% lower than this company's loan of $1.65M.
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Footnotes & Information
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