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PPP Loan Data — On With Life, Inc., Ankeny, IA

SBA PPP loan data, payroll data, and salaries for On With Life, Inc.
IA Nonprofit Organization

On With Life, Inc.

Entity: Non-profit Organization

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Ankeny, IA

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On With Life, Inc. is a non-profit organization located at 715 Sw Ankeny Rd in Ankeny, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,458,497.00 in April, 2020.

The company has reported itself as a White male owned non-profit, and employed at least 222 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.46M

Jobs Retained:

222

Loan Approved:

2020-04-08

Lender:

FIRST NATIONAL BANK AMES, IOWA

On With Life, Inc. received a Paycheck Protection Loan of $2.46M through FIRST NATIONAL BANK AMES, IOWA, which was approved in April, 2020.

Based on standard PPP eligibility rules, On With Life, Inc.'s total 2019 payroll expenses were approximately $11.8M in order to qualify for the PPP loan amount received.

Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $53,157 per employee1.

Because the loan received by On With Life, 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 - On With Life, Inc. in Ankeny, IA

On With Life, Inc.
715 Sw Ankeny Rd
Ankeny, IA 50023

Business Industry

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

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: IA-03

Similar Companies near Ankeny

In the Ankeny area, 2 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 147 employees (compared to this company's 222) and received an average PPP loan of $1,556,869 (compared to this company's $2.46M).

Similar Nearby Businesses Who Received PPP Funding:

Ankeny Health Care Enterprises, LLC
Ankeny, IA

$655,241 PPP Loan

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, 70% lower than On With Life, Inc.'s reported 222 employees, and received an average PPP loan of $557,944, 77% lower than this company's loan of $2.46M.

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/on-with-life-inc-ankeny-ia