PPP Loan Data — Jewish Home Life Communities, Inc, Atlanta, GA
Jewish Home Life Communities, Inc
Location: Atlanta, GATweet This • Search All PPP Data
Jewish Home Life Communities, Inc is a corporation located at 3156 Howell Mill Rd Nw in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,137,300.00 in April, 2020.
$ PPP Loan Information
Jewish Home Life Communities, Inc in Atlanta, GA received a Paycheck Protection Loan of $4.14M through COLONY BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 22 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 199.
Based on standard PPP eligibility rules, Jewish Home Life Communities, Inc's total 2019 payroll expenses were approximately $19.86M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 22 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Jewish Home Life Communities, Inc in Atlanta, GA
3156 Howell Mill Rd Nw
Atlanta, GA 30327
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-11
Similar Companies near Atlanta
In the Atlanta area, 8 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 22) and received an average PPP loan of $622,849 (compared to this company's $4.14M).
Similar Nearby Businesses Who Received PPP Funding:
Trio Healthcare Consulting, LLC
Horizon Health Care Medical Services
Chaterine L. Kelly
Trio Corporate, LLC
CT Trio Ohio Holdings, LLC
Private Caregivers, Inc
Trio Healthcare Administration, LLC
Industry PPP Comparison Statistics
Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 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 66 employees, 200% higher than Jewish Home Life Communities, Inc's reported 22 employees, and received an average PPP loan of $557,944, 87% lower than this company's loan of $4.14M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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