PPP Loan Data — Mary Ann Morse Healthcare Corp, Framingham, MA
Mary Ann Morse Healthcare Corp
Entity: Non-profit Organization
Location: Framingham, MATweet This • Search All PPP Data
Mary Ann Morse Healthcare Corp is a non-profit organization located at 747 Water St in Framingham, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,526,604.00 in April, 2020.
$ PPP Loan Information
Lender:SANTANDER BANK, NATIONAL ASSOCIATION
Mary Ann Morse Healthcare Corp in Framingham, MA received a Paycheck Protection Loan of $2.53M through SANTANDER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mary Ann Morse Healthcare Corp's total 2019 payroll expenses were approximately $12.13M in order to qualify for the PPP loan amount received.
Based on their reported 329 jobs retained, this equals an estimated average yearly compensation of $36,862 per employee1.
Business Information - Mary Ann Morse Healthcare Corp in Framingham, MA
747 Water St
Framingham, MA 01701
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-05
Similar Companies near Framingham
In the Framingham area, 3 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 243 employees (compared to this company's 329) and received an average PPP loan of $1,676,459 (compared to this company's $2.53M).
Similar Nearby Businesses Who Received PPP Funding:
Saint Patrick's Manor, Inc.
We DO Care Inc
Industry PPP Comparison Statistics
Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 66 employees, 80% lower than Mary Ann Morse Healthcare Corp's reported 329 employees, and received an average PPP loan of $557,944, 78% lower than this company's loan of $2.53M.
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