PPP Loan Data — Martha Lloyd Community Residential Facility, Inc, Troy, PA
Martha Lloyd Community Residential Facility, Inc is a non-profit organization located at 66 Lloyd Ln in Troy, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,621,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Citizens & Northern Bank
Martha Lloyd Community Residential Facility, Inc in Troy, PA received a Paycheck Protection Loan of $1.62M through Citizens & Northern 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 April, 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, Martha Lloyd Community Residential Facility, Inc's 2019 payroll expenses are estimated to be at least $7.78M.
Based on their reported 231 jobs retained, this equals an estimated average yearly compensation of $33,700 per employee1
Reported PPP Proceed Usage:
On the PPP application, Martha Lloyd Community Residential Facility, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,621,800
Business Information - Martha Lloyd Community Residential Facility, Inc in Troy, PA
66 Lloyd Ln
Troy, PA 16947
Other Residential Care Facilities
NAICS code 623990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 4,850 businesses in the "Other Residential Care Facilities" industry received a total of $891.17M 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 26 employees, 89% lower than Martha Lloyd Community Residential Facility, Inc's reported 231 employees, and received an average PPP loan of $183,746, 89% lower than this company's loan of $1.62M.
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Footnotes & Information
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