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PPP Loan Data — Ivy Creek Of Elmore LLC,
Wetumpka, AL
Ivy Creek Of Elmore LLC
Entity: Limited Liability Company (LLC)
Industry: General Medical and Surgical Hospitals
Location: Wetumpka, AL
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Ivy Creek Of Elmore LLC is a limited liability company (LLC) located at 500 Hospital Drive in Wetumpka, Alabama that received a Coronavirus-related PPP loan from the SBA of $4,514,515.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 410 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
410Loan Approved:
2020-04-13Lender:
VALLEY NATIONAL BANKIvy Creek Of Elmore LLC in Wetumpka, AL received a Paycheck Protection Loan of $4.51M through VALLEY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ivy Creek Of Elmore LLC's total 2019 payroll expenses were approximately $21.67M in order to qualify for the PPP loan amount received.
Based on their reported 410 jobs retained, this equals an estimated average yearly compensation of $52,853 per employee1.
Business Information - Ivy Creek Of Elmore LLC in Wetumpka, AL
500 Hospital Drive
Wetumpka, AL 36092
Business Industry
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: AL-02Similar Companies near Wetumpka
In the Wetumpka area, 2 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 206 employees (compared to this company's 410) and received an average PPP loan of $2,267,674 (compared to this company's $4.51M).
Similar Nearby Businesses Who Received PPP Funding:
PHI Med, PC
Wetumpka, AL
Industry PPP Comparison Statistics
Nationwide, 6,339 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3,112,462,478.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 40 employees, 90% lower than Ivy Creek Of Elmore LLC's reported 410 employees, and received an average PPP loan of $491,002, 89% lower than this company's loan of $4.51M.
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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