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PPP Loan Data — Visiting Nurse Association Of Greater Philadelphia, Philadelphia, PA

SBA PPP loan data, payroll data, and salaries for Visiting Nurse Association Of Greater Philadelphia
PA Nonprofit Organization

Visiting Nurse Association Of Greater Philadelphia

Entity: Non-profit Organization

Industry: Offices of All Other Miscellaneous Health Practitioners

Location: Philadelphia, PA

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Visiting Nurse Association Of Greater Philadelphia is a non-profit organization located at 3300 Henry Ave in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,846,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.85M

Jobs Retained:

238

Loan Approved:

2020-04-06

Lender:

MID PENN BANK

Visiting Nurse Association Of Greater Philadelphia received a Paycheck Protection Loan of $3.85M through MID PENN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Visiting Nurse Association Of Greater Philadelphia's total 2019 payroll expenses were approximately $18.46M in order to qualify for the PPP loan amount received.

Based on their reported 238 jobs retained, this equals an estimated average yearly compensation of $77,576 per employee1.

Because the loan received by Visiting Nurse Association Of Greater Philadelphia 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 - Visiting Nurse Association Of Greater Philadelphia in Philadelphia, PA

Visiting Nurse Association Of Greater Philadelphia
3300 Henry Ave
Philadelphia, PA 19129

Business Industry

Offices of All Other Miscellaneous Health Practitioners (NAICS code 621399)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-03

Similar Companies near Philadelphia

In the Philadelphia area, 5 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 238) and received an average PPP loan of $815,688 (compared to this company's $3.85M).

Industry PPP Comparison Statistics

Nationwide, 30,902 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $1,607,882,026.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 98% lower than Visiting Nurse Association Of Greater Philadelphia's reported 238 employees, and received an average PPP loan of $52,032, 99% lower than this company's loan of $3.85M.

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.

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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/visiting-nurse-association-of-greater-philadelphia-philadelphia-pa