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PPP Loan Data — Menorah Park Center For Senior Living,
Beachwood, OH
Menorah Park Center For Senior Living
Entity: Non-profit Organization
Industry: Nursing Care Facilities (Skilled Nursing Facilities)
Location: Beachwood, OH
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Menorah Park Center For Senior Living is a non-profit organization located at 27100 Cedar Rd in Beachwood, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,000,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-27Lender:
FIRST MIDWEST BANKMenorah Park Center For Senior Living in Beachwood, OH received a Paycheck Protection Loan of $4M through FIRST MIDWEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Menorah Park Center For Senior Living's total 2019 payroll expenses were approximately $19.2M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $38,400 per employee1.
Business Information - Menorah Park Center For Senior Living in Beachwood, OH
27100 Cedar Rd
Beachwood, OH 44122
Business Industry
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OH-11Similar Companies near Beachwood
In the Beachwood area, 10 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 192 employees (compared to this company's 500) and received an average PPP loan of $1,676,375 (compared to this company's $4M).
Similar Nearby Businesses Who Received PPP Funding:
Gateway Health Care Centre, LLC
Pepper Pike, OH
The Montefiore Home
Beachwood, OH
Stone Crossing Assisted Living LLC
Pepper Pike, OH
Gaymont Leasing LLC
Beachwood, OH
Embassy Healthcare Holdings, Inc.
Beachwood, OH
Gaslite Leasing LLC
Beachwood, OH
Phoenix Maple Heights Operating Co, LLC
Beachwood, OH
Shaker Gardens Opco LLC
Shaker Heights, OH
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, 87% lower than Menorah Park Center For Senior Living's reported 500 employees, and received an average PPP loan of $557,944, 86% lower than this company's loan of $4M.
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, 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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