PPP Loan Data — Redstone Presbyterian Seniorcare, Greensburg, PA
Redstone Presbyterian Seniorcare
Entity: Limited Liability Company (LLC)
Location: Greensburg, PATweet This • Search All PPP Data
Redstone Presbyterian Seniorcare is a limited liability company (LLC) located at 126 Mathews St in Greensburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,977,242.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Redstone Presbyterian Seniorcare in Greensburg, PA received a Paycheck Protection Loan of $2.98M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Redstone Presbyterian Seniorcare's total 2019 payroll expenses were approximately $14.29M in order to qualify for the PPP loan amount received.
Based on their reported 412 jobs retained, this equals an estimated average yearly compensation of $34,686 per employee1.
Business Information - Redstone Presbyterian Seniorcare in Greensburg, PA
126 Mathews St
Greensburg, PA 15601
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-14
Similar Companies near Greensburg
In the Greensburg area, 6 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 100 employees (compared to this company's 412) and received an average PPP loan of $714,152 (compared to this company's $2.98M).
Similar Nearby Businesses Who Received PPP Funding:
Westmorland Center Opco LLC
Darlene Kelly's Personal Care Home
Walnut Ridge, A Memory Care Home LLC
Elizabeth Seton Care Center
Degennaros Car Wash
Industry 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, 84% lower than Redstone Presbyterian Seniorcare's reported 412 employees, and received an average PPP loan of $557,944, 81% lower than this company's loan of $2.98M.
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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