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PPP Loan Data — Vibra Healthcare Corporate LLC,
Mechanicsburg, PA
Vibra Healthcare Corporate LLC
Entity: Limited Liability Company (LLC)
Industry: Trust, Fiduciary, and Custody Activities
Location: Mechanicsburg, PA
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Vibra Healthcare Corporate LLC is a limited liability company (LLC) located at 4600 Lena Dr in Mechanicsburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,815,700.00 in April, 2020.
$
PPP Loan Information
Loan #4870967002
Loan Size:
Jobs Retained:
219Loan Approved:
2020-04-04Loan Status:
Paid in Full or ForgivenLender:
Orrstown BankVibra Healthcare Corporate LLC in Mechanicsburg, PA received a Paycheck Protection Loan of $3.82M through Orrstown Bank, 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 May, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Vibra Healthcare Corporate LLC's 2019 payroll expenses are estimated to be at least $18.32M.
Based on their reported 219 jobs retained, this equals an estimated average yearly compensation of $83,632 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vibra Healthcare Corporate LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,815,700
Business Information - Vibra Healthcare Corporate LLC in Mechanicsburg, PA
4600 Lena Dr
Mechanicsburg, PA 17055
Business Industry:
Trust, Fiduciary, and Custody Activities
NAICS code 523991
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 9 other businesses that received a PPP loan registered to the same address as Vibra Healthcare Corporate LLC.
Vibralife Of El Paso, LLC
Nursing Care Facilities (Skilled Nursing Facilities)
Mechanicsburg Senior Care, LLC
Nursing Care Facilities (Skilled Nursing Facilities)
Vibra Rehabilitation Hospital Of Amarillo, LLC
Specialty (except Psychiatric and Substance Abuse) Hospitals
Vibra Life Of Katy, LLC
Nursing Care Facilities (Skilled Nursing Facilities)
Vibra Rehabilitation Hospital Of Denver, LLC
Specialty (except Psychiatric and Substance Abuse) Hospitals
Vibra Hospital Of Fargo, LLC
Specialty (except Psychiatric and Substance Abuse) Hospitals
Vibra Hospital Of Mahoning Valley, LLC
Specialty (except Psychiatric and Substance Abuse) Hospitals
Vibra Hospital Of Boise, LLC
Specialty (except Psychiatric and Substance Abuse) Hospitals
Vibra Hospital Of Northwestern Indiana, LLC
Specialty (except Psychiatric and Substance Abuse) Hospitals
Similar Companies near Mechanicsburg
In the Mechanicsburg area, 4 businesses in the "Trust, Fiduciary, and Custody Activities" industry received a PPP loan. These local businesses reported an average of 263 employees (compared to this company's 219) and received an average PPP loan of $2,362,325 (compared to this company's $3.82M).
Similar Nearby Businesses Who Received PPP Funding:
Vibra Rehabilitation Hospital Of El Paso LLC
Mechanicsburg, PA
Vibra Rehabilitation Hospital Of Florence LLC
Mechanicsburg, PA
1300 Campbell Lane Operating Company, LLC
Mechanicsburg, PA
Industry PPP Comparison Statistics
Nationwide, 1,528 businesses in the "Trust, Fiduciary, and Custody Activities" industry received a total of $134.54M 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 8 employees, 96% lower than Vibra Healthcare Corporate LLC's reported 219 employees, and received an average PPP loan of $88,047, 98% lower than this company's loan of $3.82M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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