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PPP Loan Data — On With Life, Inc.,
Ankeny, IA
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:
Jobs Retained:
222Loan Approved:
2020-04-08Lender:
FIRST NATIONAL BANK AMES, IOWAOn 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.
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 / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: IA-03Similar 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
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.
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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