PPP Loan Data — Presbyterian Homes Inc, Dillsburg, PA
Presbyterian Homes Inc is a limited liability company (LLC) located at 1 Trinity Dr Ste 201 in Dillsburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,436,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Presbyterian Homes Inc in Dillsburg, PA received a Paycheck Protection Loan of $2.44M through Orrstown Bank, 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 June, 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, Presbyterian Homes Inc's 2019 payroll expenses are estimated to be at least $11.7M.
Based on their reported 141 jobs retained, this equals an estimated average yearly compensation of $82,955 per employee1
Reported PPP Proceed Usage:
On the PPP application, Presbyterian Homes Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,436,800
Business Information - Presbyterian Homes Inc in Dillsburg, PA
1 Trinity Dr Ste 201
Dillsburg, PA 17019
Continuing Care Retirement Communities
NAICS code 623311
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dillsburg
In the Dillsburg area, 3 businesses in the "Continuing Care Retirement Communities" industry received a PPP loan. These local businesses reported an average of 181 employees (compared to this company's 141) and received an average PPP loan of $2,127,533 (compared to this company's $2.44M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 2,718 businesses in the "Continuing Care Retirement Communities" industry received a total of $1.53B 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 77 employees, 45% lower than Presbyterian Homes Inc's reported 141 employees, and received an average PPP loan of $561,944, 77% lower than this company's loan of $2.44M.
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Footnotes & Information
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