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PPP Loan Data — On With Life Inc,
Ankeny, IA
On With Life Inc
Entity: Non-profit Organization
Industry: Offices of Physical, Occupational and Speech Therapists, and Audiologists
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 $1,838,592.00 in February, 2021.
$
PPP Loan Information
Loan #7720508401
Loan Size:
Jobs Retained:
159Loan Approved:
2021-02-12Loan Status:
Paid in Full or ForgivenLender:
First National Bank Ames, IowaOn With Life Inc in Ankeny, IA received a Paycheck Protection Loan of $1.84M through First National Bank Ames, Iowa, which was approved in February, 2021.
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, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, On With Life Inc's 2019 payroll expenses are estimated to be at least $8.83M.
Based on their reported 159 jobs retained, this equals an estimated average yearly compensation of $55,505 per employee1
Reported PPP Proceed Usage:
On the PPP application, On With Life Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,838,586
- Utilities: $1
Business Information - On With Life Inc in Ankeny, IA
715 Sw Ankeny Rd
Ankeny, IA 50023
Business Industry:
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Ankeny
In the Ankeny area, 8 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 159) and received an average PPP loan of $290,622 (compared to this company's $1.84M).
Similar Nearby Businesses Who Received PPP Funding:
Ashley Laudick
Ankeny, IA
Sunshine Homes
Atlantic, IA
Orca PC
Ankeny, IA
Audiological Services Of Iowa LLC
Atlantic, IA
Hearing Doctors Of Iowa, Inc
Ankeny, IA
The Athletic Training Room LLC
Ankeny, IA
Industry PPP Comparison Statistics
Nationwide, 39,291 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a total of $2.73B 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 8 employees, 95% lower than On With Life Inc's reported 159 employees, and received an average PPP loan of $69,381, 96% lower than this company's loan of $1.84M.
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 #8457697009
Loan Size:
Jobs Retained:
222Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
First National Bank Ames, IowaOn With Life, Inc in Ankeny, IA received a Paycheck Protection Loan of $2.46M through First National Bank Ames, Iowa, 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, On With Life, Inc's 2019 payroll expenses are estimated to be at least $11.8M.
Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $53,157 per employee1
Reported PPP Proceed Usage:
On the PPP application, On With Life, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,966,798
- Rent: $491,699
Business Information - On With Life, Inc in Ankeny, IA
715 Sw Ankeny Rd
Ankeny, IA 50023
Business Industry:
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Ankeny
In the Ankeny area, 3 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 125 employees (compared to this company's 222) and received an average PPP loan of $1,285,670 (compared to this company's $2.46M).
Similar Nearby Businesses Who Received PPP Funding:
Hawkeye Estates LLC
Ankeny, IA
Ankeny Health Care Enterprises, LLC
Ankeny, IA
Industry PPP Comparison Statistics
Nationwide, 15,149 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.79B 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, 73% lower than On With Life, Inc's reported 222 employees, and received an average PPP loan of $448,084, 82% 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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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