PPP Loan Data — Peninsula Health Alliance Inc, Georgetown, DE
Peninsula Health Alliance Inc is a subchapter s corporation located at 13 Bridgeville Rd in Georgetown, Delaware that received a Coronavirus-related PPP loan from the SBA of $46,400.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
Peninsula Health Alliance Inc in Georgetown, DE received a Paycheck Protection Loan of $46,400 through PNC Bank, National Association, which was approved in May, 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 April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Peninsula Health Alliance Inc's 2019 payroll expenses are estimated to be at least $222,720.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,544 per employee1
Reported PPP Proceed Usage:
On the PPP application, Peninsula Health Alliance Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,400
Business Information - Peninsula Health Alliance Inc in Georgetown, DE
13 Bridgeville Rd
Georgetown, DE 19947
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Georgetown
In the Georgetown area, 6 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $39,873 (compared to this company's $46,400).
Similar Nearby Businesses Who Received PPP Funding:
King Crop Insurance, Inc
Fuze Co Insurance LLC
R. N. Heck & Associates Inc
The Emory Agency Inc
Industry PPP Comparison Statistics
Nationwide, 149,532 businesses in the "Insurance Agencies and Brokerages" industry received a total of $5.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 20% lower than Peninsula Health Alliance Inc's reported 5 employees, and received an average PPP loan of $39,254, 15% lower than this company's loan of $46,400.
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Footnotes & Information
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