PPP Loan Data — Shipman Family Home Care Inc, Greensboro, NC
Shipman Family Home Care Inc
Location: Greensboro, NCTweet This • Search All PPP Data
Shipman Family Home Care Inc is a corporation located at 1614 E Market St in Greensboro, North Carolina that received a Coronavirus-related PPP loan from the SBA of $1,571,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Shipman Family Home Care Inc in Greensboro, NC received a Paycheck Protection Loan of $1.57M through Truist Bank d/b/a Branch Banking & Trust Co, 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 May, 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, Shipman Family Home Care Inc's 2019 payroll expenses are estimated to be at least $7.54M.
Based on their reported 415 jobs retained, this equals an estimated average yearly compensation of $18,179 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shipman Family Home Care Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,571,700
Business Information - Shipman Family Home Care Inc in Greensboro, NC
1614 E Market St
Greensboro, NC 27401
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
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, 86% lower than Shipman Family Home Care Inc's reported 415 employees, and received an average PPP loan of $442,944, 72% lower than this company's loan of $1.57M.
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Footnotes & Information
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