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PPP Loan Data — Missouri Slope Lutheran Care Center Inc, Bismarck, ND

SBA PPP loan data, payroll data, and salaries for Missouri Slope Lutheran Care Center Inc
ND Nonprofit Organization

Missouri Slope Lutheran Care Center Inc

Entity: Non-profit Organization

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Bismarck, ND

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Missouri Slope Lutheran Care Center Inc is a non-profit organization located at 2425 Hillview Avenue in Bismarck, North Dakota that received a Coronavirus-related PPP loan from the SBA of $4,054,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.05M

Jobs Retained:

500

Loan Approved:

2020-04-15

Lender:

BREMER BANK, NATIONAL ASSOCIATION

Missouri Slope Lutheran Care Center Inc received a Paycheck Protection Loan of $4.05M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Missouri Slope Lutheran Care Center Inc's total 2019 payroll expenses were approximately $19.46M 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 $38,919 per employee1.

Because the loan received by Missouri Slope Lutheran Care Center Inc 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 - Missouri Slope Lutheran Care Center Inc in Bismarck, ND

Missouri Slope Lutheran Care Center Inc
2425 Hillview Avenue
Bismarck, ND 58501

Business Industry

Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: ND-

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 Missouri Slope Lutheran Care Center Inc's reported 500 employees, and received an average PPP loan of $557,944, 86% lower than this company's loan of $4.05M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/missouri-slope-lutheran-care-center-inc-bismarck-nd