PPP Loan Data — The Lutheran Home Association, Belle Plaine, MN
The Lutheran Home Association
Entity: Non-profit Organization
Location: Belle Plaine, MNTweet This • Search All PPP Data
The Lutheran Home Association is a non-profit organization located at 337 S Meridian Street in Belle Plaine, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,815,900.00 in April, 2020.
$ PPP Loan Information
Lender:FRANDSEN BANK & TRUST
The Lutheran Home Association in Belle Plaine, MN received a Paycheck Protection Loan of $2.82M through FRANDSEN BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Lutheran Home Association's total 2019 payroll expenses were approximately $13.52M in order to qualify for the PPP loan amount received.
Based on their reported 297 jobs retained, this equals an estimated average yearly compensation of $45,509 per employee1.
Business Information - The Lutheran Home Association in Belle Plaine, MN
337 S Meridian Street
Belle Plaine, MN 56011
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-02
Industry PPP Comparison Statistics
Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 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 66 employees, 78% lower than The Lutheran Home Association's reported 297 employees, and received an average PPP loan of $557,944, 80% lower than this company's loan of $2.82M.
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Footnotes & Information
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