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PPP Loan Data — Prairie View Inc, Newton, KS

SBA PPP loan data, payroll data, and salaries for Prairie View Inc
KS Nonprofit Organization

Prairie View Inc

Entity: Non-profit Organization

Industry: General Medical and Surgical Hospitals

Location: Newton, KS

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Prairie View Inc is a non-profit organization located at 1901 E 1st St in Newton, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,722,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.72M

Jobs Retained:

303

Loan Approved:

2020-04-07

Lender:

INTRUST BANK, NATIONAL ASSOCIATION

Prairie View Inc in Newton, KS received a Paycheck Protection Loan of $2.72M through INTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Prairie View Inc's total 2019 payroll expenses were approximately $13.07M in order to qualify for the PPP loan amount received.

Based on their reported 303 jobs retained, this equals an estimated average yearly compensation of $43,133 per employee1.

Because the loan received by Prairie View 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 - Prairie View Inc in Newton, KS

Prairie View Inc
1901 E 1st St
Newton, KS 67114

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: KS-04

Industry PPP Comparison Statistics

Nationwide, 6,339 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3,112,462,478.00 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 40 employees, 87% lower than Prairie View Inc's reported 303 employees, and received an average PPP loan of $491,002, 82% lower than this company's loan of $2.72M.

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, and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/prairie-view-inc-newton-ks