PPP Loan Data — Richfield Living, Salem, VA
Richfield Living is a non-profit organization located at 3615 W Main Street in Salem, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,246,540.00 in April, 2020.
The company has reported itself as a female owned non-profit.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:THE BANK OF FINCASTLE
Richfield Living received a Paycheck Protection Loan of $3.25M through THE BANK OF FINCASTLE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Richfield Living's total 2019 payroll expenses were approximately $15.58M in order to qualify for the PPP loan amount received.
Unlike most businesses, Richfield Living's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Richfield Living in Salem, VA
3615 W Main Street
Salem, VA 24153
Assisted Living Facilities for the Elderly (NAICS code 623312)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: VA-09
Industry PPP Comparison Statistics
Nationwide, 6,544 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1,444,187,946.00 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 32 employees, and received an average PPP loan of $220,689, 93% lower than this company's loan of $3.25M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!