Maryfield, Incorporated in High Point, NC - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Maryfield, Incorporated, High Point, NC

NC Nonprofit Organization

Maryfield, Incorporated

Entity: Non-profit Organization

Industry: Continuing Care Retirement Communities

Location: High Point, NC

Maryfield, Incorporated is a non-profit organization located at 109 Penny Rd in High Point, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,548,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.55M

Jobs Retained:

404

Loan Approved:

2020-04-27

Lender:

FIRST BANK

Maryfield, Incorporated received a Paycheck Protection Loan of $2.55M through FIRST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Maryfield, Incorporated's total 2019 payroll expenses were approximately $12.23M in order to qualify for the PPP loan amount received.

Based on their reported 404 jobs retained, this equals an estimated average yearly compensation of $30,277 per employee¹.

Because the loan received by Maryfield, Incorporated is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Maryfield, Incorporated in High Point, NC

Maryfield, Incorporated
109 Penny Rd
High Point, NC 27260

Business Industry

Continuing Care Retirement Communities (NAICS code 623311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: NON-VETERAN

Congressional District: NC-13

Industry PPP Comparison Statistics

Nationwide, 2,172 businesses in the "Continuing Care Retirement Communities" industry received a total of $1,251,764,538.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 69 employees, 83% lower than Maryfield, Incorporated's reported 404 employees, and received an average PPP loan of $576,319, 77% lower than this company's loan of $2.55M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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