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PPP Loan Data — Jewish Association On Aging,
Pittsburgh, PA
Jewish Association On Aging
Entity: Non-profit Organization
Industry: Assisted Living Facilities for the Elderly
Location: Pittsburgh, PA
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Jewish Association On Aging is a non-profit organization located at 200 Jhf Dr 200 Jhf Drive in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.
$
PPP Loan Information
Loan #5761208805
Loan Size:
Jobs Retained:
293Loan Approved:
2021-04-18Loan Status:
Paid in Full or ForgivenLender:
PNC Bank, National AssociationJewish Association On Aging in Pittsburgh, PA received a Paycheck Protection Loan of $2M through PNC Bank, National Association, which was approved in April, 2021.
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 December, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Jewish Association On Aging's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 293 jobs retained, this equals an estimated average yearly compensation of $32,765 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jewish Association On Aging reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Jewish Association On Aging in Pittsburgh, PA
200 Jhf Dr 200 Jhf Drive
Pittsburgh, PA 15217
Business Industry:
Assisted Living Facilities for the Elderly
NAICS code 623312
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 10,159 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1.83B 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 30 employees, 90% lower than Jewish Association On Aging's reported 293 employees, and received an average PPP loan of $180,538, 91% lower than this company's loan of $2M.
Jewish Association On Aging
Entity: Non-profit Organization
Industry: Nursing Care Facilities (Skilled Nursing Facilities)
Location: Pittsburgh, PA
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Jewish Association On Aging is a non-profit organization located at 200 Jhf Dr in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,501,500.00 in April, 2020.
$
PPP Loan Information
Loan #9719917107
Loan Size:
Jobs Retained:
493Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
PNC Bank, National AssociationJewish Association On Aging in Pittsburgh, PA received a Paycheck Protection Loan of $4.5M through PNC Bank, National Association, 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 November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Jewish Association On Aging's 2019 payroll expenses are estimated to be at least $21.61M.
Based on their reported 493 jobs retained, this equals an estimated average yearly compensation of $43,828 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jewish Association On Aging reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,501,500
Business Information - Jewish Association On Aging in Pittsburgh, PA
200 Jhf Dr
Pittsburgh, PA 15217
Business Industry:
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Pittsburgh
In the Pittsburgh area, 3 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 252 employees (compared to this company's 493) and received an average PPP loan of $2,203,154 (compared to this company's $4.5M).
Similar Nearby Businesses Who Received PPP Funding:
Squirrel Hill Management LLC
Pittsburgh, PA
Industry PPP Comparison Statistics
Nationwide, 15,141 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.79B 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 60 employees, 88% lower than Jewish Association On Aging's reported 493 employees, and received an average PPP loan of $448,255, 90% lower than this company's loan of $4.5M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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