PPP Loan Data — St James Place Of Baton Rouge, Baton Rouge, LA
St James Place Of Baton Rouge is a non-profit organization located at 333 Lee Dr in Baton Rouge, Louisiana that received a Coronavirus-related PPP loan from the SBA of $1,866,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Hancock Whitney Bank
St James Place Of Baton Rouge in Baton Rouge, LA received a Paycheck Protection Loan of $1.87M through Hancock Whitney Bank, 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 December, 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 James Place Of Baton Rouge's 2019 payroll expenses are estimated to be at least $8.96M.
Based on their reported 332 jobs retained, this equals an estimated average yearly compensation of $26,991 per employee1
Reported PPP Proceed Usage:
On the PPP application, St James Place Of Baton Rouge reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,866,900
Business Information - St James Place Of Baton Rouge in Baton Rouge, LA
333 Lee Dr
Baton Rouge, LA 70808
Continuing Care Retirement Communities
NAICS code 623311
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Baton Rouge
In the Baton Rouge area, 2 businesses in the "Continuing Care Retirement Communities" industry received a PPP loan. These local businesses reported an average of 191 employees (compared to this company's 332) and received an average PPP loan of $1,072,600 (compared to this company's $1.87M).
Similar Nearby Businesses Who Received PPP Funding:
Lakewood Quarters Alf IL, LLC
Baton Rouge, LA
Industry PPP Comparison Statistics
Nationwide, 2,718 businesses in the "Continuing Care Retirement Communities" industry received a total of $1.53B 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 77 employees, 77% lower than St James Place Of Baton Rouge's reported 332 employees, and received an average PPP loan of $561,944, 70% lower than this company's loan of $1.87M.
FederalPay's PPP Information Policy
Footnotes & Information
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