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PPP Loan Data — The Virginia Home, Richmond, VA

SBA PPP loan data, payroll data, and salaries for The Virginia Home
VA Nonprofit Organization

The Virginia Home

Entity: Non-profit Organization

Industry: Specialty (except Psychiatric and Substance Abuse) Hospitals

Location: Richmond, VA

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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

Loan Size:

$2.68M

Jobs Retained:

205

Loan Approved:

2020-04-11

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.

Because the loan received by The Virginia Home is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - The Virginia Home in Richmond, VA

The Virginia Home
1101 Hampton Street
Richmond, VA 23220

Business Industry

Specialty (except Psychiatric and Substance Abuse) Hospitals (NAICS code 622310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional 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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/the-virginia-home-richmond-va