PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Valley Oaks Health, Inc., Lafayette, IN

SBA PPP loan data, payroll data, and salaries for Valley Oaks Health, Inc.
IN

Valley Oaks Health, Inc.

Entity: Corporation

Industry: General Medical and Surgical Hospitals

Location: Lafayette, IN

Search All PPP Data

Valley Oaks Health, Inc. is a corporation located at 415 North 26th St in Lafayette, Indiana that received a Coronavirus-related PPP loan from the SBA of $5,133,265.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.13M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-06

Lender:

FIRST MERCHANTS BANK

Valley Oaks Health, Inc. in Lafayette, IN received a Paycheck Protection Loan of $5.13M through FIRST MERCHANTS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Valley Oaks Health, Inc.'s total 2019 payroll expenses were approximately $24.64M in order to qualify for the PPP loan amount received.

Unlike most businesses, Valley Oaks Health, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Valley Oaks Health, 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 - Valley Oaks Health, Inc. in Lafayette, IN

Valley Oaks Health, Inc.
415 North 26th St
Lafayette, IN 47904

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-04

Similar Companies near Lafayette

In the Lafayette area, 2 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 0) and received an average PPP loan of $2,600,483 (compared to this company's $5.13M).

Similar Nearby Businesses Who Received PPP Funding:

Lafayette Retina Clinic PC
Lafayette, IN

$67,700 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 6,339 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3,112,462,478.00 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 40 employees, and received an average PPP loan of $491,002, 90% lower than this company's loan of $5.13M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/valley-oaks-health-inc-lafayette-in