PPP Loan Data — ST. Catherine's Village, Inc, Madison, MS
ST. Catherine's Village, Inc is a non-profit organization located at 200 Dominican Dr in Madison, Mississippi that received a Coronavirus-related PPP loan from the SBA of $2,296,489.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Trustmark National Bank
ST. Catherine's Village, Inc in Madison, MS received a Paycheck Protection Loan of $2.3M through Trustmark National Bank, 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, ST. Catherine's Village, Inc's 2019 payroll expenses are estimated to be at least $11.02M.
Based on their reported 262 jobs retained, this equals an estimated average yearly compensation of $42,073 per employee1
Reported PPP Proceed Usage:
On the PPP application, ST. Catherine's Village, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,296,489
Business Information - ST. Catherine's Village, Inc in Madison, MS
200 Dominican Dr
Madison, MS 39110
Assisted Living Facilities for the Elderly
NAICS code 623312
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Madison
In the Madison area, 3 businesses in the "Assisted Living Facilities for the Elderly" industry received a PPP loan. These local businesses reported an average of 107 employees (compared to this company's 262) and received an average PPP loan of $907,760 (compared to this company's $2.3M).
Similar Nearby Businesses Who Received PPP Funding:
The Willard F. Bond Home
Industry PPP Comparison Statistics
Nationwide, 10,259 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1.84B 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 30 employees, 89% lower than ST. Catherine's Village, Inc's reported 262 employees, and received an average PPP loan of $179,299, 92% lower than this company's loan of $2.3M.
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Footnotes & Information
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