PPP Loan Data — The Virginia Home, Richmond, VA
The Virginia Home
Entity: Non-profit Organization
Location: Richmond, VATweet This • Search All PPP Data
The Virginia Home is a non-profit organization located at 1101 Hampton Street in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,678,904.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 205 people during the applicable loan loan period.
$ PPP Loan Information
Lender:SOUTH STATE BANK, NATIONAL ASSOCIATION
The Virginia Home in Richmond, VA received a Paycheck Protection Loan of $2.68M through SOUTH STATE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Virginia Home's total 2019 payroll expenses were approximately $12.86M in order to qualify for the PPP loan amount received.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $62,726 per employee1.
Business Information - The Virginia Home in Richmond, VA
1101 Hampton Street
Richmond, VA 23220
Specialty (except Psychiatric and Substance Abuse) Hospitals (NAICS code 622310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: VA-04
Industry PPP Comparison Statistics
Nationwide, 1,042 businesses in the "Specialty (except Psychiatric and Substance Abuse) Hospitals" industry received a total of $329,966,547.00 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 26 employees, 87% lower than The Virginia Home's reported 205 employees, and received an average PPP loan of $316,667, 88% lower than this company's loan of $2.68M.
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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