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PPP Loan Data — Presbyterian Medical Center Of Oakmont, Oakmont, PA

SBA PPP loan data, payroll data, and salaries for Presbyterian Medical Center Of Oakmont
PA Nonprofit Organization

Presbyterian Medical Center Of Oakmont

Entity: Non-profit Organization

Industry: Continuing Care Retirement Communities

Location: Oakmont, PA

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Presbyterian Medical Center Of Oakmont is a non-profit organization located at 1215 Hulton Rd in Oakmont, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,559,927.00 in April, 2020.

The company has reported itself as a White male owned non-profit, and employed at least 337 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.56M

Jobs Retained:

337

Loan Approved:

2020-04-28

Lender:

WASHINGTON FINANCIAL BANK

Presbyterian Medical Center Of Oakmont received a Paycheck Protection Loan of $2.56M through WASHINGTON FINANCIAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Presbyterian Medical Center Of Oakmont's total 2019 payroll expenses were approximately $12.29M in order to qualify for the PPP loan amount received.

Based on their reported 337 jobs retained, this equals an estimated average yearly compensation of $36,462 per employee1.

Because the loan received by Presbyterian Medical Center Of Oakmont 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 - Presbyterian Medical Center Of Oakmont in Oakmont, PA

Presbyterian Medical Center Of Oakmont
1215 Hulton Rd
Oakmont, PA 15139

Business Industry

Continuing Care Retirement Communities (NAICS code 623311)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: PA-17

Similar Companies near Oakmont

In the Oakmont area, 3 businesses in the "Continuing Care Retirement Communities" industry received a PPP loan. These local businesses reported an average of 194 employees (compared to this company's 337) and received an average PPP loan of $1,572,550 (compared to this company's $2.56M).

Industry PPP Comparison Statistics

Nationwide, 2,172 businesses in the "Continuing Care Retirement Communities" industry received a total of $1,251,764,538.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 69 employees, 80% lower than Presbyterian Medical Center Of Oakmont's reported 337 employees, and received an average PPP loan of $576,319, 77% lower than this company's loan of $2.56M.

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.

Search FederalPay's Full PPP Loan Database

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/presbyterian-medical-center-of-oakmont-oakmont-pa