PPP Loan Data — Veritas Healthcare Group LLC, Southaven, MS
Veritas Healthcare Group LLC is a limited liability company (LLC) located at 6858 Swinnea Rd in Southaven, Mississippi that received a Coronavirus-related PPP loan from the SBA of $3,356,395.00 in April, 2020.
$ PPP Loan Information
Veritas Healthcare Group LLC received a Paycheck Protection Loan of $3.36M through BANCORPSOUTH BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Veritas Healthcare Group LLC's total 2019 payroll expenses were approximately $16.11M 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 $32,221 per employee1.
Business Information - Veritas Healthcare Group LLC in Southaven, MS
6858 Swinnea Rd
Southaven, MS 38671
Assisted Living Facilities for the Elderly (NAICS code 623312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MS-01
Industry PPP Comparison Statistics
Nationwide, 6,544 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1,444,187,946.00 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 32 employees, 94% lower than Veritas Healthcare Group LLC's reported 500 employees, and received an average PPP loan of $220,689, 93% lower than this company's loan of $3.36M.
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Footnotes & Information
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