PPP Loan Data — Welia Health, Mora, MN
Entity: Non-profit Organization
Location: Mora, MNTweet This • Search All PPP Data
Welia Health is a non-profit organization located at 301 Highway 65 in Mora, Minnesota that received a Coronavirus-related PPP loan from the SBA of $5,825,300.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST CITIZENS BANK
Welia Health received a Paycheck Protection Loan of $5.83M through FIRST CITIZENS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Welia Health's total 2019 payroll expenses were approximately $27.96M in order to qualify for the PPP loan amount received.
Based on their reported 419 jobs retained, this equals an estimated average yearly compensation of $66,734 per employee1.
Business Information - Welia Health in Mora, MN
301 Highway 65
Mora, MN 55051
Offices of All Other Miscellaneous Health Practitioners (NAICS code 621399)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-08
Similar Companies near Mora
In the Mora area, 2 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 210 employees (compared to this company's 419) and received an average PPP loan of $2,915,307 (compared to this company's $5.83M).
Similar Nearby Businesses Who Received PPP Funding:
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, 99% lower than Welia Health's reported 419 employees, and received an average PPP loan of $52,032, 99% lower than this company's loan of $5.83M.
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