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PPP Loan Data — Amida Care Inc., New York, NY

SBA PPP loan data, payroll data, and salaries for Amida Care Inc.
NY Nonprofit Organization

Amida Care Inc.

Entity: Non-profit Organization

Industry: Administration of Public Health Programs

Location: New York, NY

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Amida Care Inc. is a non-profit organization located at 14 Penn Plaza, 2nd Floor in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,863,700.00 in April, 2020.

The company has reported itself as a White male owned non-profit, and employed at least 171 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.86M

Jobs Retained:

171

Loan Approved:

2020-04-28

Lender:

BANKUNITED, NATIONAL ASSOCIATION

Amida Care Inc. received a Paycheck Protection Loan of $2.86M through BANKUNITED, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Amida Care Inc.'s total 2019 payroll expenses were approximately $13.75M in order to qualify for the PPP loan amount received.

Based on their reported 171 jobs retained, this equals an estimated average yearly compensation of $80,385 per employee1.

Because the loan received by Amida Care Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Amida Care Inc. in New York, NY

Amida Care Inc.
14 Penn Plaza, 2nd Floor
New York, NY 10122

Business Industry

Administration of Public Health Programs (NAICS code 923120)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: NY-10

Industry PPP Comparison Statistics

Nationwide, 494 businesses in the "Administration of Public Health Programs" industry received a total of $124,700,995.00 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 24 employees, 86% lower than Amida Care Inc.'s reported 171 employees, and received an average PPP loan of $252,431, 91% lower than this company's loan of $2.86M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/amida-care-inc-new-york-ny