PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Moravian Manors, Inc., Lititz, PA

SBA PPP loan data, payroll data, and salaries for Moravian Manors, Inc.
PA

Moravian Manors, Inc.

Entity: Corporation

Industry: Continuing Care Retirement Communities

Location: Lititz, PA

Search All PPP Data

Moravian Manors, Inc. is a corporation located at 300 West Lemon St in Lititz, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,827,125.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.83M

Jobs Retained:

366

Loan Approved:

2020-04-13

Lender:

FULTON BANK, NATIONAL ASSOCIATION

Moravian Manors, Inc. in Lititz, PA received a Paycheck Protection Loan of $2.83M through FULTON BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Moravian Manors, Inc.'s total 2019 payroll expenses were approximately $13.57M in order to qualify for the PPP loan amount received.

Based on their reported 366 jobs retained, this equals an estimated average yearly compensation of $37,077 per employee1.

Because the loan received by Moravian Manors, 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 - Moravian Manors, Inc. in Lititz, PA

Moravian Manors, Inc.
300 West Lemon St
Lititz, PA 17543

Business Industry

Continuing Care Retirement Communities (NAICS code 623311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-11

Similar Companies near Lititz

In the Lititz area, 2 businesses in the "Continuing Care Retirement Communities" industry received a PPP loan. These local businesses reported an average of 183 employees (compared to this company's 366) and received an average PPP loan of $2,029,813 (compared to this company's $2.83M).

Similar Nearby Businesses Who Received PPP Funding:

United Zion Retirement Community
Litzti, PA

$1.23M PPP Loan

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, 81% lower than Moravian Manors, Inc.'s reported 366 employees, and received an average PPP loan of $576,319, 80% lower than this company's loan of $2.83M.

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/moravian-manors-inc-lititz-pa