PPP Loan Data — North Shore Healthcare, LLC, Glendale, WI
North Shore Healthcare, LLC
Entity: Limited Liability Company (LLC)
Location: Glendale, WITweet This • Search All PPP Data
North Shore Healthcare, LLC is a limited liability company (LLC) located at 5150 N Port Washington Rd, Suite 260 in Glendale, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,560,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Live Oak Banking Company
North Shore Healthcare, LLC in Glendale, WI received a Paycheck Protection Loan of $1.56M through Live Oak Banking Company, which was approved in April, 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, North Shore Healthcare, LLC's 2019 payroll expenses are estimated to be at least $7.49M.
Based on their reported 149 jobs retained, this equals an estimated average yearly compensation of $50,271 per employee1
Reported PPP Proceed Usage:
On the PPP application, North Shore Healthcare, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,560,500
Business Information - North Shore Healthcare, LLC in Glendale, WI
5150 N Port Washington Rd, Suite 260
Glendale, WI 53217
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Glendale
In the Glendale area, 11 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 149) and received an average PPP loan of $169,622 (compared to this company's $1.56M).
Similar Nearby Businesses Who Received PPP Funding:
Personal Care Solutions LLC
Elaine's Home Of Compassion LLC
Absolute Care Providers LLC
Walcare Adult Family Home LLC
Walcare Adult Family Homes Inc
Positive Pathways LLC
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B 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 60 employees, 60% lower than North Shore Healthcare, LLC's reported 149 employees, and received an average PPP loan of $442,944, 72% lower than this company's loan of $1.56M.
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Footnotes & Information
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