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PPP Loan Data — Presbyterian Homes Of Tennessee, Inc,
Knoxville, TN
Presbyterian Homes Of Tennessee, Inc
Entity: Non-profit Organization
Industry: Nursing Care Facilities (Skilled Nursing Facilities)
Location: Knoxville, TN
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Presbyterian Homes Of Tennessee, Inc is a non-profit organization located at 801 Vanosdale Road in Knoxville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,934,505.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-27Lender:
HOME FEDERAL BANK OF TENNESSEEPresbyterian Homes Of Tennessee, Inc in Knoxville, TN received a Paycheck Protection Loan of $3.93M through HOME FEDERAL BANK OF TENNESSEE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Presbyterian Homes Of Tennessee, Inc's total 2019 payroll expenses were approximately $18.89M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $37,771 per employee1.
Business Information - Presbyterian Homes Of Tennessee, Inc in Knoxville, TN
801 Vanosdale Road
Knoxville, TN 37909
Business Industry
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TN-02Industry 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, 87% lower than Presbyterian Homes Of Tennessee, Inc's reported 500 employees, and received an average PPP loan of $557,944, 86% lower than this company's loan of $3.93M.
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.
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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