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PPP Loan Data — Williamsburg Landing Inc., Williamsburg, VA

SBA PPP loan data, payroll data, and salaries for Williamsburg Landing Inc.
VA Nonprofit Organization

Williamsburg Landing Inc.

Entity: Non-profit Organization

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Williamsburg, VA

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Williamsburg Landing Inc. is a non-profit organization located at 5700 Williamsburg Landing Drive in Williamsburg, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,412,457.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.41M

Jobs Retained:

421

Loan Approved:

2020-04-15

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Williamsburg Landing Inc. in Williamsburg, VA received a Paycheck Protection Loan of $3.41M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Williamsburg Landing Inc.'s total 2019 payroll expenses were approximately $16.38M in order to qualify for the PPP loan amount received.

Based on their reported 421 jobs retained, this equals an estimated average yearly compensation of $38,907 per employee1.

Because the loan received by Williamsburg Landing Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Williamsburg Landing Inc. in Williamsburg, VA

Williamsburg Landing Inc.
5700 Williamsburg Landing Drive
Williamsburg, VA 23185

Business Industry

Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: VA-02

Similar Companies near Williamsburg

In the Williamsburg area, 3 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 141 employees (compared to this company's 421) and received an average PPP loan of $1,177,877 (compared to this company's $3.41M).

Industry PPP Comparison Statistics

Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 66 employees, 84% lower than Williamsburg Landing Inc.'s reported 421 employees, and received an average PPP loan of $557,944, 84% lower than this company's loan of $3.41M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/williamsburg-landing-inc-williamsburg-va