PPP Loan Data — Spiritrust Lutheran Home Care & Hospice, Chambersburg, PA
Spiritrust Lutheran Home Care & Hospice is a non-profit organization located at 2700 Luther Drive in Chambersburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,639,000.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Spiritrust Lutheran Home Care & Hospice in Chambersburg, PA received a Paycheck Protection Loan of $4.64M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Spiritrust Lutheran Home Care & Hospice's total 2019 payroll expenses were approximately $22.27M in order to qualify for the PPP loan amount received.
Based on their reported 379 jobs retained, this equals an estimated average yearly compensation of $58,753 per employee1.
Business Information - Spiritrust Lutheran Home Care & Hospice in Chambersburg, PA
2700 Luther Drive
Chambersburg, PA 17202
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-13
Similar Companies near Chambersburg
In the Chambersburg area, 4 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 134 employees (compared to this company's 379) and received an average PPP loan of $1,400,130 (compared to this company's $4.64M).
Similar Nearby Businesses Who Received PPP Funding:
Myers Home Healthcare LLC
Helping Hands In Home Care Inc
Spiritrust Lutheran Life
Industry PPP Comparison Statistics
Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 34 employees, 91% lower than Spiritrust Lutheran Home Care & Hospice's reported 379 employees, and received an average PPP loan of $212,236, 95% lower than this company's loan of $4.64M.
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Footnotes & Information
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