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PPP Loan Data — Grace Health, Inc., Battle Creek, MI

SBA PPP loan data, payroll data, and salaries for Grace Health, Inc.
MI Nonprofit Organization

Grace Health, Inc.

Entity: Non-profit Organization

Industry: All Other Outpatient Care Centers

Location: Battle Creek, MI

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Grace Health, Inc. is a non-profit organization located at 181 West Emmett Street in Battle Creek, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,958,130.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.96M

Jobs Retained:

334

Loan Approved:

2020-04-10

Lender:

TCF NATIONAL BANK

Grace Health, Inc. received a Paycheck Protection Loan of $3.96M through TCF NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Grace Health, Inc.'s total 2019 payroll expenses were approximately $19M in order to qualify for the PPP loan amount received.

Based on their reported 334 jobs retained, this equals an estimated average yearly compensation of $56,883 per employee1.

Because the loan received by Grace Health, Inc. 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 - Grace Health, Inc. in Battle Creek, MI

Grace Health, Inc.
181 West Emmett Street
Battle Creek, MI 49037

Business Industry

All Other Outpatient Care Centers (NAICS code 621498)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-03

Industry PPP Comparison Statistics

Nationwide, 5,588 businesses in the "All Other Outpatient Care Centers" industry received a total of $1,142,796,792.00 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 17 employees, 95% lower than Grace Health, Inc.'s reported 334 employees, and received an average PPP loan of $204,509, 95% lower than this company's loan of $3.96M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/grace-health-inc-battle-creek-mi