Carver Healthcare LLC
PPP Loan Data — Carver Healthcare LLC, Durham, NC
Industry: Nursing Care Facilities (Skilled Nursing Facilities)
Carver Healthcare LLC is a limited liability company (LLC) located at 303 E Carver St in Durham, North Carolina that received a Coronavirus-related PPP loan from the SBA of $1,038,448.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 156 people during the applicable loan loan period.
Congressional Bank
Carver Healthcare LLC in Durham, NC received a Paycheck Protection Loan of $1.04M through Congressional 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 September, 2021.
For Carver Healthcare LLC, the calculation used to estimate payroll costs is shown below:
($1.04M / 2.5) * 12 = $4.98M
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, Carver Healthcare LLC's 2019 payroll expenses are estimated to be at least $4.98M.
Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $31,952 per employee1
On the PPP application, Carver Healthcare LLC reported intending to use the proceeds of their PPP loan for the following expenses:
Payroll: $1,038,448
Business Information - Carver Healthcare LLC in Durham, NC
303 E Carver St
Nursing Care Facilities (Skilled Nursing Facilities)
Durham County, NC — SBA Office 0460 — Congressional District: NC-04
Similar Companies near Durham
In the Durham area, 7 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 156) and received an average PPP loan of $636,547 (compared to this company's $1.04M).
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Nationwide, 15,149 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.79B 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, 62% lower than Carver Healthcare LLC's reported 156 employees, and received an average PPP loan of $448,084, 57% lower than this company's loan of $1.04M.
Source: www.federalpay.org/paycheck-protection-program/carver-healthcare-llc-durham-nc