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PPP Loan Data — Alliance Hc 11 LLC,
Lakewood, NJ
Alliance Hc 11 LLC
Entity: Limited Liability Company (LLC)
Industry: Nursing Care Facilities (Skilled Nursing Facilities)
Location: Lakewood, NJ
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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
Loan #4236037204
Loan Size:
Jobs Retained:
410Loan Approved:
2020-04-27Loan Status:
Ongoing LoanLender:
The Bancorp BankAlliance Hc 11 LLC in Lakewood, NJ received a Paycheck Protection Loan of $3.2M through The Bancorp Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Alliance Hc 11 LLC's 2019 payroll expenses are estimated to be at least $15.36M.
Based on their reported 410 jobs retained, this equals an estimated average yearly compensation of $37,463 per employee1
Reported PPP Proceed Usage:
On the PPP application, Alliance Hc 11 LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,200,000
Business Information - Alliance Hc 11 LLC in Lakewood, NJ
1382 Lanes Mill Rd
Lakewood, NJ 8701
Business Industry:
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 5 other businesses that received a PPP loan registered to the same address as Alliance Hc 11 LLC.
Cinnaminson Nursing LLC
Nursing Care Facilities (Skilled Nursing Facilities)
Bloomsburg Care And Rehabilitation Center
Office Administrative Services
Alliance Hc Holdings LLC
Offices of Other Holding Companies
Cooper Care LLC
Nursing Care Facilities (Skilled Nursing Facilities)
Mountainview Care And Rehab LLC
Nursing Care Facilities (Skilled Nursing Facilities)
Similar Companies near Lakewood
In the Lakewood area, 36 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 410) and received an average PPP loan of $999,393 (compared to this company's $3.2M).
Similar Nearby Businesses Who Received PPP Funding:
IMP Hcg LLC
Lakewood, NJ
Bedrock Hc Wi LLC
Lakewood, NJ
CCH Healthcare NC, LLC
Lakewood, NJ
Morris View Management Co LLC
Lakewood, NJ
Sienna Healthcare Group LLC
Lakewood, NJ
Graceland Nursing Operator LLC
Lakewood, NJ
BSD Care At RE, LLC
Lakewood, NJ
Imperial Healthcare Services LLC
Lakewood, NJ
Aventura At Creekside, LLC
Lakewood, NJ
Industry PPP Comparison Statistics
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, 85% lower than Alliance Hc 11 LLC's reported 410 employees, and received an average PPP loan of $448,084, 86% 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. 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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