PPP Loan Data — Acmh, Inc., New York, NY
Entity: Non-profit Organization
Location: New York, NYTweet This • Search All PPP Data
Acmh, Inc. is a non-profit organization located at 254 West 31st Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $3,023,355.00 in May, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Acmh, Inc. received a Paycheck Protection Loan of $3.02M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Acmh, Inc.'s total 2019 payroll expenses were approximately $14.51M in order to qualify for the PPP loan amount received.
Based on their reported 305 jobs retained, this equals an estimated average yearly compensation of $47,581 per employee1.
Business Information - Acmh, Inc. in New York, NY
254 West 31st Street
New York, NY 10001
Residential Intellectual and Developmental Disability Facilities (NAICS code 623210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-10
Similar Companies near New York
In the New York area, 3 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a PPP loan. These local businesses reported an average of 112 employees (compared to this company's 305) and received an average PPP loan of $1,648,220 (compared to this company's $3.02M).
Similar Nearby Businesses Who Received PPP Funding:
Center For Family Support New Jersey Inc.
New York, NY
Congregation Beit Simchat Torah
New York, NY
Industry PPP Comparison Statistics
Nationwide, 1,775 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a total of $836,841,517.00 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 61 employees, 80% lower than Acmh, Inc.'s reported 305 employees, and received an average PPP loan of $471,460, 84% lower than this company's loan of $3.02M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
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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