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PPP Loan Data — Victoria Nursing And Rehabilitation Inc., Miami, FL

SBA PPP loan data, payroll data, and salaries for Victoria Nursing And Rehabilitation Inc.
FL

Victoria Nursing And Rehabilitation Inc.

Entity: Corporation

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Miami, FL

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Victoria Nursing And Rehabilitation Inc. is a corporation located at 955 Nw 3rd St in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $3,627,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.63M

Jobs Retained:

390

Loan Approved:

2020-04-15

Lender:

OCEAN BANK

Victoria Nursing And Rehabilitation Inc. in Miami, FL received a Paycheck Protection Loan of $3.63M through OCEAN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Victoria Nursing And Rehabilitation Inc.'s total 2019 payroll expenses were approximately $17.41M in order to qualify for the PPP loan amount received.

Based on their reported 390 jobs retained, this equals an estimated average yearly compensation of $44,650 per employee1.

Because the loan received by Victoria Nursing And Rehabilitation 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 - Victoria Nursing And Rehabilitation Inc. in Miami, FL

Victoria Nursing And Rehabilitation Inc.
955 Nw 3rd St
Miami, FL 33128

Business Industry

Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-27

Similar Companies near Miami

In the Miami area, 2 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 279 employees (compared to this company's 390) and received an average PPP loan of $2,569,900 (compared to this company's $3.63M).

Similar Nearby Businesses Who Received PPP Funding:

Stacey Health Care Center Inc
Miami, FL

$1.51M PPP Loan

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, 83% lower than Victoria Nursing And Rehabilitation Inc.'s reported 390 employees, and received an average PPP loan of $557,944, 85% lower than this company's loan of $3.63M.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/victoria-nursing-and-rehabilitation-inc-miami-fl