PPP Loan Data — Master Delaware Snf Management, LP, Wilmington, DE
Master Delaware Snf Management, LP is a partnership located at 1013 Center Road in Wilmington, Delaware that received a Coronavirus-related PPP loan from the SBA of $3,611,349.00 in April, 2020.
$ PPP Loan Information
Lender:THE BANK OF PRINCETON
Master Delaware Snf Management, LP received a Paycheck Protection Loan of $3.61M through THE BANK OF PRINCETON, which was approved in April, 2020.
Based on standard PPP eligibility rules, Master Delaware Snf Management, LP's total 2019 payroll expenses were approximately $17.33M in order to qualify for the PPP loan amount received.
Based on their reported 422 jobs retained, this equals an estimated average yearly compensation of $41,077 per employee1.
Business Information - Master Delaware Snf Management, LP in Wilmington, DE
1013 Center Road
Wilmington, DE 19805
Assisted Living Facilities for the Elderly (NAICS code 623312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: DE-
Similar Companies near Wilmington
In the Wilmington area, 4 businesses in the "Assisted Living Facilities for the Elderly" industry received a PPP loan. These local businesses reported an average of 276 employees (compared to this company's 422) and received an average PPP loan of $1,805,125 (compared to this company's $3.61M).
Similar Nearby Businesses Who Received PPP Funding:
Master Mi Snf Management LLC
The Lorelton Foundation
Home For Aged Women Minquadale Home Inc.
Industry PPP Comparison Statistics
Nationwide, 6,544 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1,444,187,946.00 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 32 employees, 92% lower than Master Delaware Snf Management, LP's reported 422 employees, and received an average PPP loan of $220,689, 94% lower than this company's loan of $3.61M.
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.
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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