PPP Loan Data — Westbury Medical Care Home, Inc, Jackson, GA
Westbury Medical Care Home, Inc
Entity: Subchapter S Corporation
Location: Jackson, GATweet This • Search All PPP Data
Westbury Medical Care Home, Inc is a subchapter s corporation located at 922 Mcdonough Rd in Jackson, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,817,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Westbury Medical Care Home, Inc in Jackson, GA received a Paycheck Protection Loan of $1.82M through United Bank, 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 March, 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, Westbury Medical Care Home, Inc's 2019 payroll expenses are estimated to be at least $8.72M.
Based on their reported 178 jobs retained, this equals an estimated average yearly compensation of $49,009 per employee1
Reported PPP Proceed Usage:
On the PPP application, Westbury Medical Care Home, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,663,300
- Utilities: $19,100
- Rent: $135,000
Business Information - Westbury Medical Care Home, Inc in Jackson, GA
922 Mcdonough Rd
Jackson, GA 30233
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Jackson
In the Jackson area, 4 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 178) and received an average PPP loan of $501,172 (compared to this company's $1.82M).
Similar Nearby Businesses Who Received PPP Funding:
Westbury Adminstrative Services, LLC
Atrium Enterprises Assisted Living LLC
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B 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 60 employees, 66% lower than Westbury Medical Care Home, Inc's reported 178 employees, and received an average PPP loan of $442,944, 76% lower than this company's loan of $1.82M.
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Footnotes & Information
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