PPP Loan Data — Saint Joseph Villa, Flourtown, PA
Saint Joseph Villa
Entity: Non-profit Organization
Location: Flourtown, PATweet This • Search All PPP Data
Saint Joseph Villa is a non-profit organization located at 110 W Wissahickon Ave in Flourtown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,595,600.00 in April, 2020.
The company has reported itself as a female owned non-profit, and employed at least 360 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Firstrust Savings Bank
Saint Joseph Villa in Flourtown, PA received a Paycheck Protection Loan of $2.6M through Firstrust Savings Bank, which was approved in April, 2020.
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, Saint Joseph Villa's 2019 payroll expenses are estimated to be at least $12.46M.
Based on their reported 360 jobs retained, this equals an estimated average yearly compensation of $34,608 per employee1
Reported PPP Proceed Usage:
On the PPP application, Saint Joseph Villa reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,595,600
Business Information - Saint Joseph Villa in Flourtown, PA
110 W Wissahickon Ave
Flourtown, PA 19031
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Flourtown
In the Flourtown area, 4 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 121 employees (compared to this company's 360) and received an average PPP loan of $914,925 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
Whitemarsh House Inc
Complete Care At Harston Hall LLC
Premier Personal Care, Inc
Fairless Hills, PA
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, 83% lower than Saint Joseph Villa's reported 360 employees, and received an average PPP loan of $442,944, 83% lower than this company's loan of $2.6M.
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Footnotes & Information
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