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PPP Loan Data — Auburn Senior Services, Inc., Auburn, NY

SBA PPP loan data, payroll data, and salaries for Auburn Senior Services, Inc.
NY Nonprofit Organization

Auburn Senior Services, Inc.

Entity: Non-profit Organization

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Auburn, NY

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Auburn Senior Services, Inc. is a non-profit organization located at 3 St Anthony Street in Auburn, New York that received a Coronavirus-related PPP loan from the SBA of $2,677,500.00 in July, 2020.

$ PPP Loan Information

Loan Size:

$2.68M

Jobs Retained:

410

Loan Approved:

2020-07-30

Lender:

PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION

Auburn Senior Services, Inc. in Auburn, NY received a Paycheck Protection Loan of $2.68M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in July, 2020.

Based on standard PPP eligibility rules, Auburn Senior Services, Inc.'s total 2019 payroll expenses were approximately $12.85M 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 $31,346 per employee1.

Because the loan received by Auburn Senior Services, 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 - Auburn Senior Services, Inc. in Auburn, NY

Auburn Senior Services, Inc.
3 St Anthony Street
Auburn, NY 13021

Business Industry

Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-24

Similar Companies near Auburn

In the Auburn area, 4 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 130 employees (compared to this company's 410) and received an average PPP loan of $812,922 (compared to this company's $2.68M).

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 Auburn Senior Services, Inc.'s reported 410 employees, and received an average PPP loan of $557,944, 79% lower than this company's loan of $2.68M.

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, 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/auburn-senior-services-inc-auburn-ny