PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Allied Health Programs LLC, Brooklyn, NY

ALERT: There are 2 PPP loans for a total of $2.03M in our database for businesses with the name "Allied Health Programs LLC" in Brooklyn, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Allied Health Programs LLC
NY

Allied Health Programs LLC

Entity: Limited Liability Company (LLC)

Industry: Educational Support Services

Location: Brooklyn, NY

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Allied Health Programs LLC is a limited liability company (LLC) located at 1401 Kings Hwy Ste 2 in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $1,010,480.00 in March, 2021.

The company has reported itself as a White male owned business, and employed at least 151 people during the applicable loan loan period.

$ PPP Loan Information
Loan #3418608702

Loan Size:

$1.01M

Jobs Retained:

151

Loan Approved:

2021-03-31

Loan Status:

Ongoing Loan

Lender:

Customers Bank

Allied Health Programs LLC in Brooklyn, NY received a Paycheck Protection Loan of $1.01M through Customers Bank, which was approved in March, 2021.

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 More
Understanding 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 More

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, Allied Health Programs LLC's 2019 payroll expenses are estimated to be at least $4.85M.

Based on their reported 151 jobs retained, this equals an estimated average yearly compensation of $32,121 per employee1

Reported PPP Proceed Usage:

On the PPP application, Allied Health Programs LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,010,480

Business Information - Allied Health Programs LLC in Brooklyn, NY

Allied Health Programs LLC
1401 Kings Hwy Ste 2
Brooklyn, NY 11229

Business Industry:
Educational Support Services
NAICS code 611710

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Kings County, NY — SBA Office 0202 — Congressional District: NY-09

Similar Companies near Brooklyn

In the Brooklyn area, 28 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 151) and received an average PPP loan of $78,764 (compared to this company's $1.01M).

Industry PPP Comparison Statistics

Nationwide, 39,474 businesses in the "Educational Support Services" industry received a total of $2.35B 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 7 employees, 95% lower than Allied Health Programs LLC's reported 151 employees, and received an average PPP loan of $59,417, 94% lower than this company's loan of $1.01M.

SBA PPP loan data, payroll data, and salaries for Allied Health Programs, LLC
NY

Allied Health Programs, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Technical and Trade Schools

Location: Brooklyn, NY

Search All PPP Data

Allied Health Programs, LLC is a limited liability company (LLC) located at 1401 Kings Highway Second Floor in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $1,018,655.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 140 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2420247307

Loan Size:

$1.02M

Jobs Retained:

140

Loan Approved:

2020-04-29

Loan Status:

Ongoing Loan

Lender:

Customers Bank

Allied Health Programs, LLC in Brooklyn, NY received a Paycheck Protection Loan of $1.02M through Customers 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 More
Understanding 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 More

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, Allied Health Programs, LLC's 2019 payroll expenses are estimated to be at least $4.89M.

Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $34,925 per employee1

Reported PPP Proceed Usage:

On the PPP application, Allied Health Programs, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,018,655

Business Information - Allied Health Programs, LLC in Brooklyn, NY

Allied Health Programs, LLC
1401 Kings Highway Second Floor
Brooklyn, NY 11229

Business Industry:
Other Technical and Trade Schools
NAICS code 611519

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Kings County, NY — SBA Office 0202 — Congressional District: NY-09

Similar Companies near Brooklyn

In the Brooklyn area, 4 businesses in the "Other Technical and Trade Schools" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 140) and received an average PPP loan of $276,957 (compared to this company's $1.02M).

Industry PPP Comparison Statistics

Nationwide, 5,180 businesses in the "Other Technical and Trade Schools" industry received a total of $425.39M 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 10 employees, 93% lower than Allied Health Programs, LLC's reported 140 employees, and received an average PPP loan of $82,122, 92% lower than this company's loan of $1.02M.

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. 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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/allied-health-programs-llc-brooklyn-ny