PPP Loan Data — Mariannes Elder House Inc, Mc Farland, WI
Mariannes Elder House Inc is a corporation located at 6229 Renee Court in Mc Farland, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in August, 2020.
The company has reported itself as a White female owned business, and employed at least eleven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:One Community Bank
Mariannes Elder House Inc in Mc Farland, WI received a Paycheck Protection Loan of $46,200 through One Community Bank, which was approved in August, 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 February, 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, Mariannes Elder House Inc's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mariannes Elder House Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,200
Business Information - Mariannes Elder House Inc in Mc Farland, WI
6229 Renee Court
Mc Farland, WI 53558
Assisted Living Facilities for the Elderly
NAICS code 623312
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mc Farland
In the Mc Farland area, 2 businesses in the "Assisted Living Facilities for the Elderly" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 11) and received an average PPP loan of $52,115 (compared to this company's $46,200).
Similar Nearby Businesses Who Received PPP Funding:
Marianne's Elder House Inc
Industry PPP Comparison Statistics
Nationwide, 10,259 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1.84B 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 30 employees, 173% higher than Mariannes Elder House Inc's reported 11 employees, and received an average PPP loan of $179,299, 288% higher than this company's loan of $46,200.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!