PPP Loan Data — The Lutheran Home, Inc., Wauwatosa, WI
The Lutheran Home, Inc. is a non-profit organization located at 7500 W North Ave in Wauwatosa, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $3,460,000.00 in April, 2020.
$ PPP Loan Information
Lender:BANK FIRST, N.A.
The Lutheran Home, Inc. in Wauwatosa, WI received a Paycheck Protection Loan of $3.46M through BANK FIRST, N.A., which was approved in April, 2020.
Based on standard PPP eligibility rules, The Lutheran Home, Inc.'s total 2019 payroll expenses were approximately $16.61M in order to qualify for the PPP loan amount received.
Based on their reported 444 jobs retained, this equals an estimated average yearly compensation of $37,405 per employee1.
Business Information - The Lutheran Home, Inc. in Wauwatosa, WI
7500 W North Ave
Wauwatosa, WI 53213
Assisted Living Facilities for the Elderly (NAICS code 623312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WI-05
Similar Companies near Wauwatosa
In the Wauwatosa area, 6 businesses in the "Assisted Living Facilities for the Elderly" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 444) and received an average PPP loan of $932,122 (compared to this company's $3.46M).
Similar Nearby Businesses Who Received PPP Funding:
NSS-Alf West Allis LLC
West Allis, WI
Park Vista Senior Housing Management LLC
Autumn Leaf Assisted Living, LLC
Heartis North Shore Partners, LP
Industry PPP Comparison Statistics
Nationwide, 6,544 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1,444,187,946.00 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 32 employees, 93% lower than The Lutheran Home, Inc.'s reported 444 employees, and received an average PPP loan of $220,689, 94% lower than this company's loan of $3.46M.
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Footnotes & Information
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