PPP Loan Data — Alliance Hc 11 LLC, Lakewood, NJ
Alliance Hc 11 LLC
Entity: Limited Liability Company (LLC)
Location: Lakewood, NJTweet This • Search All PPP Data
Alliance Hc 11 LLC is a limited liability company (LLC) located at 1382 Lanes Mill Rd in Lakewood, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,200,000.00 in April, 2020.
$ PPP Loan Information
Lender:THE BANCORP BANK
Alliance Hc 11 LLC received a Paycheck Protection Loan of $3.2M through THE BANCORP BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Alliance Hc 11 LLC's total 2019 payroll expenses were approximately $15.36M in order to qualify for the PPP loan amount received.
Based on their reported 410 jobs retained, this equals an estimated average yearly compensation of $37,463 per employee1.
Business Information - Alliance Hc 11 LLC in Lakewood, NJ
1382 Lanes Mill Rd
Lakewood, NJ 8701
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: NJ-04
Similar Companies near Lakewood
In the Lakewood area, 32 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 107 employees (compared to this company's 410) and received an average PPP loan of $1,087,793 (compared to this company's $3.2M).
Similar Nearby Businesses Who Received PPP Funding:
Mountainview Care And Rehab LLC
Morris View Management Co LLC
BSD Care At AJ LLC
Vita Healthcare Group Limited Liability Company
Bedrock Hc Wi LLC
Cinnaminson Nursing LLC
Symcha Realty Co, LLC
CCH Healthcare NC, LLC
Gardenview Opco LLC
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 Alliance Hc 11 LLC's reported 410 employees, and received an average PPP loan of $557,944, 83% lower than this company's loan of $3.2M.
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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