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PPP Loan Data — Advance Care Alliance Of NY, Inc,
New York, NY
Advance Care Alliance Of NY, Inc
Entity: Non-profit Organization
Industry: Office Administrative Services
Location: New York, NY
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Advance Care Alliance Of NY, Inc is a non-profit organization located at 1410 Broadway in New York, New York that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$
PPP Loan Information
Loan #5496327307
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-30Loan Status:
Paid in Full or ForgivenLender:
TD Bank, National AssociationAdvance Care Alliance Of NY, Inc in New York, NY received a Paycheck Protection Loan of $10M through TD Bank, National Association, 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 February, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Advance Care Alliance Of NY, Inc's 2019 payroll expenses are estimated to be at least $48M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Advance Care Alliance Of NY, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,000,000
Business Information - Advance Care Alliance Of NY, Inc in New York, NY
1410 Broadway
New York, NY 10018
Business Industry:
Office Administrative Services
NAICS code 561110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 9 other businesses that received a PPP loan registered to the same address as Advance Care Alliance Of NY, Inc.
GSD Logistics, LLC
Warehouse Clubs and Supercenters
MJ Accessories LLC
Other Miscellaneous Durable Goods Merchant Wholesalers
Broadway Roulette Inc
All Other Travel Arrangement and Reservation Services
Gogo Apparel Inc
Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers
Catalyst SPo.r.t., LLC
Fitness and Recreational Sports Centers
YSY Enterprise Inc
Footwear Merchant Wholesalers
El Toro Carmesi, LLC
Men's and Boys' Clothing and Furnishings Merchant Wholesalers
Intermarket Apparel LLC
Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers
Intermarket Aparel LLC
Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers
Similar Companies near New York
In the New York area, 59 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 500) and received an average PPP loan of $342,888 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Mitchell Medical Group, PC
New York, NY
Criteria For Success, Inc
New York, NY
Elliot T Fishman
New York, NY
Pccm Management Inc
New York, NY
J Management Services Company Inc
New York, NY
A & R Davidson Mgt LLC
New York, NY
Balade Your Way 2 Inc
New York, NY
SMD Project Management LLC
New York, NY
FFR Development LLC
New York, NY
Industry PPP Comparison Statistics
Nationwide, 43,665 businesses in the "Office Administrative Services" industry received a total of $2.34B 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 6 employees, 99% lower than Advance Care Alliance Of NY, Inc's reported 500 employees, and received an average PPP loan of $53,571, 99% lower than this company's loan of $10M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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