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PPP Loan Data — Gospel Light Mennonite Church Medical Db, Canton, OH

SBA PPP loan data, payroll data, and salaries for Gospel Light Mennonite Church Medical Db
OH

Gospel Light Mennonite Church Medical Db

Entity: Corporation

Industry: Blood and Organ Banks

Location: Canton, OH

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Gospel Light Mennonite Church Medical Db is a corporation located at 4845 Fulton Dr Nw in Canton, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,063,755.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.06M

Jobs Retained:

150

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Gospel Light Mennonite Church Medical Db in Canton, OH received a Paycheck Protection Loan of $3.06M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Gospel Light Mennonite Church Medical Db's total 2019 payroll expenses were approximately $14.71M in order to qualify for the PPP loan amount received.

Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $98,040 per employee1.

Because the loan received by Gospel Light Mennonite Church Medical Db 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 - Gospel Light Mennonite Church Medical Db in Canton, OH

Gospel Light Mennonite Church Medical Db
4845 Fulton Dr Nw
Canton, OH 44718

Business Industry

Blood and Organ Banks (NAICS code 621991)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-16

Industry PPP Comparison Statistics

Nationwide, 627 businesses in the "Blood and Organ Banks" industry received a total of $196,601,905.00 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 25 employees, 83% lower than Gospel Light Mennonite Church Medical Db's reported 150 employees, and received an average PPP loan of $313,560, 90% lower than this company's loan of $3.06M.

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, and is published unmodified, as provided by the SBA.

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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/gospel-light-mennonite-church-medical-db-canton-oh