PPP Loan Data — Newvitae, Inc., Limeport, PA
Location: Limeport, PATweet This • Search All PPP Data
Newvitae, Inc. is a corporation located at 5201 St. Joseph's Road in Limeport, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,546,000.00 in April, 2020.
$ PPP Loan Information
Lender:UNIVEST BANK AND TRUST CO.
Newvitae, Inc. in Limeport, PA received a Paycheck Protection Loan of $2.55M through UNIVEST BANK AND TRUST CO., which was approved in April, 2020.
Based on standard PPP eligibility rules, Newvitae, Inc.'s total 2019 payroll expenses were approximately $12.22M in order to qualify for the PPP loan amount received.
Based on their reported 313 jobs retained, this equals an estimated average yearly compensation of $39,044 per employee1.
Business Information - Newvitae, Inc. in Limeport, PA
5201 St. Joseph's Road
Limeport, PA 18060
Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-07
Industry PPP Comparison Statistics
Nationwide, 5,494 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,342,170,180.00 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 24 employees, 92% lower than Newvitae, Inc.'s reported 313 employees, and received an average PPP loan of $244,297, 90% lower than this company's loan of $2.55M.
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