PPP Loan Data — Seneca Health Services Inc, Summersville, WV
Seneca Health Services Inc
Entity: Non-profit Organization
Location: Summersville, WVTweet This • Search All PPP Data
Seneca Health Services Inc is a non-profit organization located at 1305 Webster Rd in Summersville, West Virginia that received a Coronavirus-related PPP loan from the SBA of $2,123,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Seneca Health Services Inc in Summersville, WV received a Paycheck Protection Loan of $2.12M through Truist Bank d/b/a Branch Banking & Trust Co, 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, Seneca Health Services Inc's 2019 payroll expenses are estimated to be at least $10.19M.
Based on their reported 367 jobs retained, this equals an estimated average yearly compensation of $27,772 per employee1
Reported PPP Proceed Usage:
On the PPP application, Seneca Health Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,123,400
Business Information - Seneca Health Services Inc in Summersville, WV
1305 Webster Rd
Summersville, WV 26651
Residential Mental Health and Substance Abuse Facilities
NAICS code 623220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 3,600 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a total of $1.06B 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 36 employees, 90% lower than Seneca Health Services Inc's reported 367 employees, and received an average PPP loan of $295,104, 86% lower than this company's loan of $2.12M.
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Footnotes & Information
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