PPP Loan Data — Valley Hospice, Inc, Rayland, OH
Valley Hospice, Inc is a non-profit organization located at 10686 State Route 150 in Rayland, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,530,492.00 in April, 2020.
The company has reported itself as a White male owned non-profit, and employed at least 150 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:WesBanco Bank, Inc.
Valley Hospice, Inc in Rayland, OH received a Paycheck Protection Loan of $1.53M through WesBanco Bank, Inc., which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Valley Hospice, Inc's 2019 payroll expenses are estimated to be at least $7.35M.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $48,976 per employee1
Reported PPP Proceed Usage:
On the PPP application, Valley Hospice, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,530,492
Business Information - Valley Hospice, Inc in Rayland, OH
10686 State Route 150
Rayland, OH 43943
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 91,996 businesses in the "Home Health Care Services" industry received a total of $7.67B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 15 employees, 90% lower than Valley Hospice, Inc's reported 150 employees, and received an average PPP loan of $83,373, 95% lower than this company's loan of $1.53M.
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Footnotes & Information
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