PPP Loan Data — Valley Senior Living, Grand Forks, ND
Valley Senior Living
Entity: Non-profit Organization
Location: Grand Forks, NDTweet This • Search All PPP Data
Valley Senior Living is a non-profit organization located at 2900 14th Ave S in Grand Forks, North Dakota that received a Coronavirus-related PPP loan from the SBA of $5,629,900.00 in April, 2020.
$ PPP Loan Information
Lender:BREMER BANK, NATIONAL ASSOCIATION
Valley Senior Living received a Paycheck Protection Loan of $5.63M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Valley Senior Living's total 2019 payroll expenses were approximately $27.02M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $54,047 per employee1.
Business Information - Valley Senior Living in Grand Forks, ND
2900 14th Ave S
Grand Forks, ND 58201
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: ND-
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, 87% lower than Valley Senior Living's reported 500 employees, and received an average PPP loan of $557,944, 90% lower than this company's loan of $5.63M.
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