PPP Loan Data — Livingston Memorial Visiting Nurse Association, Ventura, CA
Livingston Memorial Visiting Nurse Association is a non-profit organization located at 1996 Eastman Ave Suite 101 in Ventura, California that received a Coronavirus-related PPP loan from the SBA of $2,466,697.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Livingston Memorial Visiting Nurse Association in Ventura, CA received a Paycheck Protection Loan of $2.47M through Mechanics 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, Livingston Memorial Visiting Nurse Association's 2019 payroll expenses are estimated to be at least $11.84M.
Based on their reported 186 jobs retained, this equals an estimated average yearly compensation of $63,657 per employee1
Reported PPP Proceed Usage:
On the PPP application, Livingston Memorial Visiting Nurse Association reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,466,697
Business Information - Livingston Memorial Visiting Nurse Association in Ventura, CA
1996 Eastman Ave Suite 101
Ventura, CA 93003
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: Urban
Similar Companies near Ventura
In the Ventura area, 15 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 186) and received an average PPP loan of $227,687 (compared to this company's $2.47M).
Similar Nearby Businesses Who Received PPP Funding:
Ventura County Complementary Medicine
JAA Home Care Inc
Angels In Scrubs LLC
Advanced Quality Home Health Care, Inc
Hand In Heart Home Health Inc
Liberty Health Services Inc
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, 92% lower than Livingston Memorial Visiting Nurse Association's reported 186 employees, and received an average PPP loan of $83,373, 97% lower than this company's loan of $2.47M.
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Footnotes & Information
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