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PPP Loan Data — Hospice Of The Chesapeake Inc, Pasadena, MD

SBA PPP loan data, payroll data, and salaries for Hospice Of The Chesapeake Inc
MD Nonprofit Organization

Hospice Of The Chesapeake Inc

Entity: Non-profit Organization

Industry: Continuing Care Retirement Communities

Location: Pasadena, MD

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Hospice Of The Chesapeake Inc is a non-profit organization located at 90 Ritchie Hwy in Pasadena, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,321,250.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.32M

Jobs Retained:

233

Loan Approved:

2020-04-10

Lender:

FIRST NATIONAL BANK OF PENNSYLVANIA

Hospice Of The Chesapeake Inc received a Paycheck Protection Loan of $3.32M through FIRST NATIONAL BANK OF PENNSYLVANIA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hospice Of The Chesapeake Inc's total 2019 payroll expenses were approximately $15.94M in order to qualify for the PPP loan amount received.

Based on their reported 233 jobs retained, this equals an estimated average yearly compensation of $68,421 per employee1.

Because the loan received by Hospice Of The Chesapeake 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 - Hospice Of The Chesapeake Inc in Pasadena, MD

Hospice Of The Chesapeake Inc
90 Ritchie Hwy
Pasadena, MD 21122

Business Industry

Continuing Care Retirement Communities (NAICS code 623311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-04

Industry 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, 70% lower than Hospice Of The Chesapeake Inc's reported 233 employees, and received an average PPP loan of $576,319, 83% lower than this company's loan of $3.32M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hospice-of-the-chesapeake-inc-pasadena-md