PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

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

ALERT: There are 2 PPP loans for a total of $4.3M in our database for businesses with the name "On With Life Inc" in Ankeny, IA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

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: 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:

$1.84M

Jobs Retained:

159

Loan Approved:

2021-02-12

Loan Status:

Paid in Full or Forgiven

Lender:

First National Bank Ames, Iowa

On 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 More
Understanding 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 More

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, 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

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

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

Polk County, IA — SBA Office 0761 — Congressional District: IA-03

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).

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.

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

Search All PPP Data

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:

$2.46M

Jobs Retained:

222

Loan Approved:

2020-04-08

Loan Status:

Paid in Full or Forgiven

Lender:

First National Bank Ames, Iowa

On 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 More
Understanding 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 More

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, 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
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: 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

Polk County, IA — SBA Office 0761 — Congressional District: IA-03

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).

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.

Search FederalPay's Full PPP Loan Database

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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** 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