PPP Loan Data — Majestic Oaks Nursing & Rehab. LLC, Warminster, PA
Majestic Oaks Nursing & Rehab. LLC
Entity: Limited Liability Company (LLC)
Location: Warminster, PATweet This • Search All PPP Data
Majestic Oaks Nursing & Rehab. LLC is a limited liability company (LLC) located at 333 Newtown Road in Warminster, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,515,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:BankUnited, National Association
Majestic Oaks Nursing & Rehab. LLC in Warminster, PA received a Paycheck Protection Loan of $1.52M through BankUnited, National Association, which was approved in April, 2020.
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, Majestic Oaks Nursing & Rehab. LLC's 2019 payroll expenses are estimated to be at least $7.27M.
Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $41,318 per employee1
Reported PPP Proceed Usage:
On the PPP application, Majestic Oaks Nursing & Rehab. LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,515,000
Business Information - Majestic Oaks Nursing & Rehab. LLC in Warminster, PA
333 Newtown Road
Warminster, PA 18974
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Warminster
In the Warminster area, 3 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 152 employees (compared to this company's 176) and received an average PPP loan of $1,096,432 (compared to this company's $1.52M).
Similar Nearby Businesses Who Received PPP Funding:
Source 4 Nurses LLC
Delaware Valley Residential Care LLC
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B 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, 66% lower than Majestic Oaks Nursing & Rehab. LLC's reported 176 employees, and received an average PPP loan of $442,944, 71% lower than this company's loan of $1.52M.
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Footnotes & Information
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