PPP Loan Data — Palms Villa Retirement Home, Inc, Oakland Park, FL
Palms Villa Retirement Home, Inc
Location: Oakland Park, FLTweet This • Search All PPP Data
Palms Villa Retirement Home, Inc is a corporation located at 2131 Nw 28th St in Oakland Park, Florida that received a Coronavirus-related PPP loan from the SBA of $24,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Palms Villa Retirement Home, Inc received a Paycheck Protection Loan of $24,400 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Palms Villa Retirement Home, Inc's total 2019 payroll expenses were approximately $117,120 in order to qualify for the PPP loan amount received.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $19,520 per employee1.
Business Information - Palms Villa Retirement Home, Inc in Oakland Park, FL
2131 Nw 28th St
Oakland Park, FL 33311
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: FL-20
Similar Companies near Oakland Park
In the Oakland Park area, 5 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 6) and received an average PPP loan of $526,583 (compared to this company's $24,400).
Similar Nearby Businesses Who Received PPP Funding:
Arise Healthcare Nurse Registry Inc
Oakland Park, FL
St Johns Rehabilitation Hospital And Health Care Center
Lauderdale Lakes, FL
Ft Lauderdale, FL
Kiko Consulting Services LLC
Fort Lauderdale, FL
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, 1000% higher than Palms Villa Retirement Home, Inc's reported 6 employees, and received an average PPP loan of $557,944, 2187% higher than this company's loan of $24,400.
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. 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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