PPP Loan Data — Wake Robin Corporation, Shelburne, VT
Wake Robin Corporation is a non-profit organization located at 200 Wake Robin Drive in Shelburne, Vermont that received a Coronavirus-related PPP loan from the SBA of $1,951,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
Wake Robin Corporation in Shelburne, VT received a Paycheck Protection Loan of $1.95M through Manufacturers and Traders Trust Company, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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, Wake Robin Corporation's 2019 payroll expenses are estimated to be at least $9.36M.
Based on their reported 166 jobs retained, this equals an estimated average yearly compensation of $56,414 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wake Robin Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,706,960
- Health Care: $244,040
Business Information - Wake Robin Corporation in Shelburne, VT
200 Wake Robin Drive
Shelburne, VT 5482
Continuing Care Retirement Communities
NAICS code 623311
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,718 businesses in the "Continuing Care Retirement Communities" industry received a total of $1.53B 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 77 employees, 54% lower than Wake Robin Corporation's reported 166 employees, and received an average PPP loan of $561,944, 71% lower than this company's loan of $1.95M.
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Footnotes & Information
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