PPP Loan Data — Nashua Adult Day Health, LLC, Merrimack, NH
Nashua Adult Day Health, LLC
Entity: Limited Liability Company (LLC)
Location: Merrimack, NHTweet This • Search All PPP Data
Nashua Adult Day Health, LLC is a limited liability company (LLC) located at 32 Daniel Webster Highway Unit 10 in Merrimack, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:St. Mary's Bank
Nashua Adult Day Health, LLC in Merrimack, NH received a Paycheck Protection Loan of $25,100 through St. Mary's Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Nashua Adult Day Health, LLC's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,120 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nashua Adult Day Health, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,900
- Rent: $2,400
- Health Care: $3,800
Business Information - Nashua Adult Day Health, LLC in Merrimack, NH
32 Daniel Webster Highway Unit 10
Merrimack, NH 3054
Services for the Elderly and Persons with Disabilities
NAICS code 624120
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Merrimack
In the Merrimack area, 2 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $18,075 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 13,270 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $2.13B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 27 employees, 575% higher than Nashua Adult Day Health, LLC's reported 4 employees, and received an average PPP loan of $160,784, 541% higher than this company's loan of $25,100.
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