PPP Loan Data — Sacred Journey Hospice, Inc, Mcdonough, GA
Sacred Journey Hospice, Inc
Location: Mcdonough, GATweet This • Search All PPP Data
Sacred Journey Hospice, Inc is a corporation located at 138 Peach Dr in Mcdonough, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,298,395.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 205 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Atlantic Capital Bank, National Association
Sacred Journey Hospice, Inc in Mcdonough, GA received a Paycheck Protection Loan of $2.3M through Atlantic Capital Bank, National Association, 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, Sacred Journey Hospice, Inc's 2019 payroll expenses are estimated to be at least $11.03M.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $53,816 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sacred Journey Hospice, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,298,395
Business Information - Sacred Journey Hospice, Inc in Mcdonough, GA
138 Peach Dr
Mcdonough, GA 30253
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mcdonough
In the Mcdonough area, 15 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 205) and received an average PPP loan of $365,874 (compared to this company's $2.3M).
Similar Nearby Businesses Who Received PPP Funding:
Comfort Zone Personal Care Home LLC
Westbury Mcdonough, LLC
Service Method LLC
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B 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 60 employees, 71% lower than Sacred Journey Hospice, Inc's reported 205 employees, and received an average PPP loan of $442,944, 81% lower than this company's loan of $2.3M.
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