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PPP Loan Data — Madison Haywood Developmental Services, Inc.,
Jackson, TN
Madison Haywood Developmental Services, Inc.
Entity: Corporation
Industry: Services for the Elderly and Persons with Disabilities
Location: Jackson, TN
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Madison Haywood Developmental Services, Inc. is a corporation located at 38 Garland Dr in Jackson, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,658,507.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-10Lender:
DECATUR COUNTY BANKMadison Haywood Developmental Services, Inc. received a Paycheck Protection Loan of $2.66M through DECATUR COUNTY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Madison Haywood Developmental Services, Inc.'s total 2019 payroll expenses were approximately $12.76M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $25,522 per employee1.
Business Information - Madison Haywood Developmental Services, Inc. in Jackson, TN
38 Garland Dr
Jackson, TN 38305
Business Industry
Services for the Elderly and Persons with Disabilities (NAICS code 624120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TN-08Similar Companies near Jackson
In the Jackson area, 2 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a PPP loan. These local businesses reported an average of 250 employees (compared to this company's 500) and received an average PPP loan of $1,459,204 (compared to this company's $2.66M).
Similar Nearby Businesses Who Received PPP Funding:
Senior Resource Center, LLC
Jackson, TN
Industry PPP Comparison Statistics
Nationwide, 7,046 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $1,535,554,395.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 32 employees, 94% lower than Madison Haywood Developmental Services, Inc.'s reported 500 employees, and received an average PPP loan of $217,933, 92% lower than this company's loan of $2.66M.
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.
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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