PPP Loan Data — Kendal At Hanover, Hanover, NH
Kendal At Hanover is a non-profit organization located at 67 Cummings Road in Hanover, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $2,154,520.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Kendal At Hanover in Hanover, NH received a Paycheck Protection Loan of $2.15M through TD Bank, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Kendal At Hanover's 2019 payroll expenses are estimated to be at least $10.34M.
Based on their reported 276 jobs retained, this equals an estimated average yearly compensation of $37,470 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kendal At Hanover reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,154,520
Business Information - Kendal At Hanover in Hanover, NH
67 Cummings Road
Hanover, NH 3755
Continuing Care Retirement Communities
NAICS code 623311
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 2,718 businesses in the "Continuing Care Retirement Communities" industry received a total of $1.53B 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 77 employees, 72% lower than Kendal At Hanover's reported 276 employees, and received an average PPP loan of $561,944, 74% lower than this company's loan of $2.15M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!