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PPP Loan Data — Heath Village,
Hackettstown, NJ
Heath Village
Entity: Non-profit Organization
Industry: Continuing Care Retirement Communities
Location: Hackettstown, NJ
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Heath Village is a non-profit organization located at 430 Schooley's Mountain Road in Hackettstown, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,655,100.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-30Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COHeath Village in Hackettstown, NJ received a Paycheck Protection Loan of $2.66M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Heath Village's total 2019 payroll expenses were approximately $12.74M in order to qualify for the PPP loan amount received.
Unlike most businesses, Heath Village's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Heath Village in Hackettstown, NJ
430 Schooley's Mountain Road
Hackettstown, NJ 07840
Business Industry
Continuing Care Retirement Communities (NAICS code 623311)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-05Industry PPP Comparison Statistics
Nationwide, 2,172 businesses in the "Continuing Care Retirement Communities" industry received a total of $1,251,764,538.00 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 69 employees, and received an average PPP loan of $576,319, 78% lower than this company's loan of $2.66M.
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.
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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