PPP Loan Data — Virginia Mennonite Retirement Community, Harrisonburg, VA
Virginia Mennonite Retirement Community is a non-profit organization located at 1501 Virginia Ave in Harrisonburg, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,056,000.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Virginia Mennonite Retirement Community in Harrisonburg, VA received a Paycheck Protection Loan of $3.06M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Virginia Mennonite Retirement Community's total 2019 payroll expenses were approximately $14.67M in order to qualify for the PPP loan amount received.
Unlike most businesses, Virginia Mennonite Retirement Community's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Virginia Mennonite Retirement Community in Harrisonburg, VA
1501 Virginia Ave
Harrisonburg, VA 22802
Continuing Care Retirement Communities (NAICS code 623311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-06
Similar Companies near Harrisonburg
In the Harrisonburg area, 2 businesses in the "Continuing Care Retirement Communities" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 0) and received an average PPP loan of $1,531,050 (compared to this company's $3.06M).
Similar Nearby Businesses Who Received PPP Funding:
Village To Village, Inc.
Industry PPP Comparison Statistics
Nationwide, 2,172 businesses in the "Continuing Care Retirement Communities" industry received a total of $1,251,764,538.00 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 69 employees, and received an average PPP loan of $576,319, 81% lower than this company's loan of $3.06M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!