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PPP Loan Data — South Carolina Episcopal Home At Still Hopes, West Columbia, SC

SBA PPP loan data, payroll data, and salaries for South Carolina Episcopal Home At Still Hopes
SC Nonprofit Organization

South Carolina Episcopal Home At Still Hopes

Entity: Non-profit Organization

Industry: Continuing Care Retirement Communities

Location: West Columbia, SC

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South Carolina Episcopal Home At Still Hopes is a non-profit organization located at One Still Hopes Dr in West Columbia, South Carolina that received a Coronavirus-related PPP loan from the SBA of $2,798,305.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.8M

Jobs Retained:

498

Loan Approved:

2020-04-15

Lender:

SYNOVUS BANK

South Carolina Episcopal Home At Still Hopes received a Paycheck Protection Loan of $2.8M through SYNOVUS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, South Carolina Episcopal Home At Still Hopes' total 2019 payroll expenses were approximately $13.43M in order to qualify for the PPP loan amount received.

Based on their reported 498 jobs retained, this equals an estimated average yearly compensation of $26,972 per employee1.

Because the loan received by South Carolina Episcopal Home At Still Hopes is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - South Carolina Episcopal Home At Still Hopes in West Columbia, SC

South Carolina Episcopal Home At Still Hopes
One Still Hopes Dr
West Columbia, SC 29169

Business Industry

Continuing Care Retirement Communities (NAICS code 623311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: SC-02

Industry PPP Comparison Statistics

Nationwide, 2,172 businesses in the "Continuing Care Retirement Communities" industry received a total of $1,251,764,538.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 69 employees, 86% lower than South Carolina Episcopal Home At Still Hopes' reported 498 employees, and received an average PPP loan of $576,319, 79% lower than this company's loan of $2.8M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/south-carolina-episcopal-home-at-still-hopes-west-columbia-sc