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PPP Loan Data — Stonehill Franciscan Services, Dubuque, IA

SBA PPP loan data, payroll data, and salaries for Stonehill Franciscan Services
IA Nonprofit Organization

Stonehill Franciscan Services

Entity: Non-profit Organization

Industry: Continuing Care Retirement Communities

Location: Dubuque, IA

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Stonehill Franciscan Services is a non-profit organization located at 3485 Windsor Avenue in Dubuque, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,455,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.46M

Jobs Retained:

336

Loan Approved:

2020-04-14

Lender:

MIDWESTONE BANK

Stonehill Franciscan Services in Dubuque, IA received a Paycheck Protection Loan of $2.46M through MIDWESTONE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Stonehill Franciscan Services' total 2019 payroll expenses were approximately $11.79M in order to qualify for the PPP loan amount received.

Based on their reported 336 jobs retained, this equals an estimated average yearly compensation of $35,077 per employee1.

Because the loan received by Stonehill Franciscan Services 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 - Stonehill Franciscan Services in Dubuque, IA

Stonehill Franciscan Services
3485 Windsor Avenue
Dubuque, IA 52001

Business Industry

Continuing Care Retirement Communities (NAICS code 623311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IA-01

Similar Companies near Dubuque

In the Dubuque area, 3 businesses in the "Continuing Care Retirement Communities" industry received a PPP loan. These local businesses reported an average of 253 employees (compared to this company's 336) and received an average PPP loan of $1,693,467 (compared to this company's $2.46M).

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, 79% lower than Stonehill Franciscan Services' reported 336 employees, and received an average PPP loan of $576,319, 77% lower than this company's loan of $2.46M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/stonehill-franciscan-services-dubuque-ia