Visiting Nurse Association Of The Midlands in Omaha, NE - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Visiting Nurse Association Of The Midlands, Omaha, NE

NE Nonprofit Organization

Visiting Nurse Association Of The Midlands

Entity: Non-profit Organization

Industry: Home Health Care Services

Location: Omaha, NE

Visiting Nurse Association Of The Midlands is a non-profit organization located at 12565 West Center Rd Suite 100 in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $2,830,951.00 in April, 2020.

$ PPP Loan Information
Loan #8780357001

Loan Size:

$2.83M

Jobs Retained:

220

Loan Approved:

2020-04-08

Loan Status:

Ongoing Loan

Lender:

First National Bank of Omaha

Visiting Nurse Association Of The Midlands in Omaha, NE received a Paycheck Protection Loan of $2.83M through First National Bank of Omaha, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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.

Understanding 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.

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, Visiting Nurse Association Of The Midlands' 2019 payroll expenses are estimated to be at least $13.59M.

Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $61,766 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Visiting Nurse Association Of The Midlands reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $2,830,951

Because the loan received by Visiting Nurse Association Of The Midlands 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 The Midlands in Omaha, NE

Visiting Nurse Association Of The Midlands
12565 West Center Rd Suite 100
Omaha, NE 68144

Business Industry:
Home Health Care Services
NAICS code 621610

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Douglas County, NE — SBA Office 0766 — Congressional District: NE-02

Similar Companies near Omaha

In the Omaha area, 8 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 220) and received an average PPP loan of $526,286 (compared to this company's $2.83M).

Similar Nearby Businesses Who Received PPP Funding:

Caretech Inc
Omaha, NE

$457,195 PPP Loan

Advanced Home Health Care And Nursing, LLC
Omaha, NE

$76,500 PPP Loan

Ifys Home Healthcare Inc
Omaha, NE

$74,645 PPP Loan

Alfa Home Health, LLC
Omaha, NE

$249,300 PPP Loan

CCA, Inc
Omaha, NE

$95,500 PPP Loan

Aahmom, LLC
Omaha, NE

$351,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 48,512 businesses in the "Home Health Care Services" industry received a total of $6.78B 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 27 employees, 88% lower than Visiting Nurse Association Of The Midlands' reported 220 employees, and received an average PPP loan of $139,841, 95% lower than this company's loan of $2.83M.

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.

Search FederalPay's Full PPP Loan Database

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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