PPP Loan Data — The Montefiore Home, Beachwood, OH
The Montefiore Home
Entity: Non-profit Organization
Location: Beachwood, OHTweet This • Search All PPP Data
The Montefiore Home is a non-profit organization located at 1 David Myers Pkwy in Beachwood, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,378,000.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST COMMONWEALTH BANK
The Montefiore Home received a Paycheck Protection Loan of $3.38M through FIRST COMMONWEALTH BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Montefiore Home's total 2019 payroll expenses were approximately $16.21M in order to qualify for the PPP loan amount received.
Based on their reported 435 jobs retained, this equals an estimated average yearly compensation of $37,274 per employee1.
Business Information - The Montefiore Home in Beachwood, OH
1 David Myers Pkwy
Beachwood, OH 44122
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-11
Similar Companies near Beachwood
In the Beachwood area, 10 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 192 employees (compared to this company's 435) and received an average PPP loan of $1,676,375 (compared to this company's $3.38M).
Similar Nearby Businesses Who Received PPP Funding:
Phoenix Maple Heights Operating Co, LLC
Gaymont Leasing LLC
Gateway Health Care Centre, LLC
Pepper Pike, OH
Stone Crossing Assisted Living LLC
Pepper Pike, OH
Embassy Healthcare Holdings, Inc.
Menorah Park Center For Senior Living
Gaslite Leasing LLC
Shaker Gardens Opco LLC
Shaker Heights, OH
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, 85% lower than The Montefiore Home's reported 435 employees, and received an average PPP loan of $557,944, 83% lower than this company's loan of $3.38M.
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