PPP Loan Data — West Side Deutscher Frauen Verein, Strongsville, OH
West Side Deutscher Frauen Verein is a non-profit organization located at 18627 Shurmer Road in Strongsville, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,492,980.00 in April, 2020.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
West Side Deutscher Frauen Verein in Strongsville, OH received a Paycheck Protection Loan of $2.49M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, West Side Deutscher Frauen Verein's total 2019 payroll expenses were approximately $11.97M in order to qualify for the PPP loan amount received.
Based on their reported 353 jobs retained, this equals an estimated average yearly compensation of $33,899 per employee1.
Business Information - West Side Deutscher Frauen Verein in Strongsville, OH
18627 Shurmer Road
Strongsville, OH 44136
Continuing Care Retirement Communities (NAICS code 623311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-16
Similar Companies near Strongsville
In the Strongsville area, 3 businesses in the "Continuing Care Retirement Communities" industry received a PPP loan. These local businesses reported an average of 148 employees (compared to this company's 353) and received an average PPP loan of $937,293 (compared to this company's $2.49M).
Similar Nearby Businesses Who Received PPP Funding:
BHP Management Corporation
A Better Alternative To Senior Care, 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, 80% lower than West Side Deutscher Frauen Verein's reported 353 employees, and received an average PPP loan of $576,319, 77% lower than this company's loan of $2.49M.
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Footnotes & Information
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