PPP Loan Data — Hospice Volunteers Of Waterville, Waterville, ME
Hospice Volunteers Of Waterville is a non-profit organization located at 304 Main Street in Waterville, Maine that received a Coronavirus-related PPP loan from the SBA of $24,816.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Camden National Bank
Hospice Volunteers Of Waterville in Waterville, ME received a Paycheck Protection Loan of $24,816 through Camden National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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, Hospice Volunteers Of Waterville's 2019 payroll expenses are estimated to be at least $119,117.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,017 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hospice Volunteers Of Waterville reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,816
Business Information - Hospice Volunteers Of Waterville in Waterville, ME
304 Main Street
Waterville, ME 4901
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Waterville
In the Waterville area, 4 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 7) and received an average PPP loan of $334,300 (compared to this company's $24,816).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 91,996 businesses in the "Home Health Care Services" industry received a total of $7.67B 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 15 employees, 114% higher than Hospice Volunteers Of Waterville's reported 7 employees, and received an average PPP loan of $83,373, 236% higher than this company's loan of $24,816.
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Footnotes & Information
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