PPP Loan Data — Salina Health Education Foundation, Inc, Salina, KS
Salina Health Education Foundation, Inc is a non-profit organization located at 651 East Prescott Road in Salina, Kansas that received a Coronavirus-related PPP loan from the SBA of $1,626,600.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 127 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of the Flint Hills
Salina Health Education Foundation, Inc in Salina, KS received a Paycheck Protection Loan of $1.63M through Bank of the Flint Hills, 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 January, 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, Salina Health Education Foundation, Inc's 2019 payroll expenses are estimated to be at least $7.81M.
Based on their reported 127 jobs retained, this equals an estimated average yearly compensation of $61,478 per employee1
Reported PPP Proceed Usage:
On the PPP application, Salina Health Education Foundation, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,219,950
- Health Care: $406,650
Business Information - Salina Health Education Foundation, Inc in Salina, KS
651 East Prescott Road
Salina, KS 67401
All Other Outpatient Care Centers
NAICS code 621498
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Salina
In the Salina area, 3 businesses in the "All Other Outpatient Care Centers" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 127) and received an average PPP loan of $555,828 (compared to this company's $1.63M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 20,239 businesses in the "All Other Outpatient Care Centers" industry received a total of $1.82B 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 9 employees, 93% lower than Salina Health Education Foundation, Inc's reported 127 employees, and received an average PPP loan of $90,010, 94% lower than this company's loan of $1.63M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!