PPP Loan Data — Malvern Institute For Psychiatric & Alcoholic Studies, Plymouth Meeting, PA
Malvern Institute For Psychiatric & Alcoholic Studies is a corporation located at 1000 Germantown Pike Bldg G-5 in Plymouth Meeting, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,293,570.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Malvern Institute For Psychiatric & Alcoholic Studies in Plymouth Meeting, PA received a Paycheck Protection Loan of $2.29M through Emigrant Bank, 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, Malvern Institute For Psychiatric & Alcoholic Studies' 2019 payroll expenses are estimated to be at least $11.01M.
Based on their reported 261 jobs retained, this equals an estimated average yearly compensation of $42,181 per employee1
Reported PPP Proceed Usage:
On the PPP application, Malvern Institute For Psychiatric & Alcoholic Studies reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,293,570
Business Information - Malvern Institute For Psychiatric & Alcoholic Studies in Plymouth Meeting, PA
1000 Germantown Pike Bldg G-5
Plymouth Meeting, PA 19462
Psychiatric and Substance Abuse Hospitals
NAICS code 622210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Plymouth Meeting
In the Plymouth Meeting area, 2 businesses in the "Psychiatric and Substance Abuse Hospitals" industry received a PPP loan. These local businesses reported an average of 146 employees (compared to this company's 261) and received an average PPP loan of $1,285,252 (compared to this company's $2.29M).
Similar Nearby Businesses Who Received PPP Funding:
Malvern Constitution LLC
Plymouth Meeting, PA
Industry PPP Comparison Statistics
Nationwide, 1,071 businesses in the "Psychiatric and Substance Abuse Hospitals" industry received a total of $316.25M 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 32 employees, 88% lower than Malvern Institute For Psychiatric & Alcoholic Studies' reported 261 employees, and received an average PPP loan of $295,289, 87% lower than this company's loan of $2.29M.
FederalPay's PPP Information Policy
Footnotes & Information
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