PPP Loan Data — Vintage Health Resources,Inc, Germantown, TN
Vintage Health Resources,Inc is a corporation located at 2032 Exeter Road Suite 2 in Germantown, Tennessee that received a Coronavirus-related PPP loan from the SBA of $1,914,100.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Vintage Health Resources,Inc in Germantown, TN received a Paycheck Protection Loan of $1.91M through Renasant Bank, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Vintage Health Resources,Inc's 2019 payroll expenses are estimated to be at least $9.19M.
Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $60,050 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vintage Health Resources,Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,914,100
Business Information - Vintage Health Resources,Inc in Germantown, TN
2032 Exeter Road Suite 2
Germantown, TN 38138
Temporary Help Services
NAICS code 561320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Germantown
In the Germantown area, 3 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 195 employees (compared to this company's 153) and received an average PPP loan of $1,207,995 (compared to this company's $1.91M).
Similar Nearby Businesses Who Received PPP Funding:
Or Nurses Nationwide Inc
Eagle Solutions, Inc
Industry PPP Comparison Statistics
Nationwide, 8,994 businesses in the "Temporary Help Services" industry received a total of $3.65B 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 51 employees, 67% lower than Vintage Health Resources,Inc's reported 153 employees, and received an average PPP loan of $405,841, 79% lower than this company's loan of $1.91M.
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Footnotes & Information
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