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PPP Loan Data — The Village At Rockville Inc,
Rockville, MD
The Village At Rockville Inc
Entity: Non-profit Organization
Industry: Continuing Care Retirement Communities
Location: Rockville, MD
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The Village At Rockville Inc is a non-profit organization located at 9701 Veirs Dr in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,293,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
280Loan Approved:
2020-04-16Lender:
FIRST BANKThe Village At Rockville Inc in Rockville, MD received a Paycheck Protection Loan of $3.29M through FIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Village At Rockville Inc's total 2019 payroll expenses were approximately $15.81M in order to qualify for the PPP loan amount received.
Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $56,455 per employee1.
Business Information - The Village At Rockville Inc in Rockville, MD
9701 Veirs Dr
Rockville, MD 20850
Business Industry
Continuing Care Retirement Communities (NAICS code 623311)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MD-08Similar Companies near Rockville
In the Rockville area, 4 businesses in the "Continuing Care Retirement Communities" industry received a PPP loan. These local businesses reported an average of 212 employees (compared to this company's 280) and received an average PPP loan of $2,232,050 (compared to this company's $3.29M).
Similar Nearby Businesses Who Received PPP Funding:
Westminster Ingleside King Farm Presbyterian Retirement Comm
Rockville, MD
Mypotential Clinic Rockville LLC
Rockville, MD
A Plus Adult Medical Day Care Center Corporation
Rockville, MD
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, 75% lower than The Village At Rockville Inc's reported 280 employees, and received an average PPP loan of $576,319, 82% lower than this company's loan of $3.29M.
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.
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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