PPP Loan Data — Westport Operator LLC, Richmond, VA
Westport Operator LLC
Entity: Limited Liability Company (LLC)
Location: Richmond, VATweet This • Search All PPP Data
Westport Operator LLC is a limited liability company (LLC) located at 7300 Forest Avenue in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $1,956,253.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Celtic Bank Corporation
Westport Operator LLC in Richmond, VA received a Paycheck Protection Loan of $1.96M through Celtic Bank Corporation, which was approved in April, 2020.
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, Westport Operator LLC's 2019 payroll expenses are estimated to be at least $9.39M.
Based on their reported 252 jobs retained, this equals an estimated average yearly compensation of $37,262 per employee1
Reported PPP Proceed Usage:
On the PPP application, Westport Operator LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,956,253
Business Information - Westport Operator LLC in Richmond, VA
7300 Forest Avenue
Richmond, VA 23226
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Richmond
In the Richmond area, 7 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 252) and received an average PPP loan of $774,758 (compared to this company's $1.96M).
Similar Nearby Businesses Who Received PPP Funding:
Community Care Assisted Living Of Va Inc
Beaufont Care Center LLC
Glenburnie Operator Ll
Heaven's Touch Healthcare Systems Inc
Chamberlayne House North
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, 76% lower than Westport Operator LLC's reported 252 employees, and received an average PPP loan of $442,944, 77% lower than this company's loan of $1.96M.
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