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PPP Loan Data — The Wesleyan Homes, Inc., Georgetown, TX

SBA PPP loan data, payroll data, and salaries for The Wesleyan Homes, Inc.
TX Nonprofit Organization

The Wesleyan Homes, Inc.

Entity: Non-profit Organization

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Georgetown, TX

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The Wesleyan Homes, Inc. is a non-profit organization located at 2100 Scenic Drive in Georgetown, Texas that received a Coronavirus-related PPP loan from the SBA of $3,619,586.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.62M

Jobs Retained:

465

Loan Approved:

2020-04-27

Lender:

BBVA USA

The Wesleyan Homes, Inc. in Georgetown, TX received a Paycheck Protection Loan of $3.62M through BBVA USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Wesleyan Homes, Inc.'s total 2019 payroll expenses were approximately $17.37M in order to qualify for the PPP loan amount received.

Based on their reported 465 jobs retained, this equals an estimated average yearly compensation of $37,363 per employee1.

Because the loan received by The Wesleyan Homes, Inc. 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 Wesleyan Homes, Inc. in Georgetown, TX

The Wesleyan Homes, Inc.
2100 Scenic Drive
Georgetown, TX 78626

Business Industry

Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-31

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, 86% lower than The Wesleyan Homes, Inc.'s reported 465 employees, and received an average PPP loan of $557,944, 85% lower than this company's loan of $3.62M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/the-wesleyan-homes-inc-georgetown-tx