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PPP Loan Data — Bedrock Hc Wi LLC,
Lakewood, NJ
Bedrock Hc Wi LLC
Entity: Corporation
Industry: Nursing Care Facilities (Skilled Nursing Facilities)
Location: Lakewood, NJ
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Bedrock Hc Wi LLC is a corporation located at 1776 Avenue Of The States in Lakewood, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,795,970.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
488Loan Approved:
2020-05-01Lender:
CONGRESSIONAL BANKBedrock Hc Wi LLC in Lakewood, NJ received a Paycheck Protection Loan of $3.8M through CONGRESSIONAL BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Bedrock Hc Wi LLC's total 2019 payroll expenses were approximately $18.22M in order to qualify for the PPP loan amount received.
Based on their reported 488 jobs retained, this equals an estimated average yearly compensation of $37,337 per employee1.
Business Information - Bedrock Hc Wi LLC in Lakewood, NJ
1776 Avenue Of The States
Lakewood, NJ 8701
Business Industry
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-04Similar 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 488) and received an average PPP loan of $1,087,793 (compared to this company's $3.8M).
Similar Nearby Businesses Who Received PPP Funding:
Goldenview Living LLC
Lakewood, NJ
Cinnaminson Nursing LLC
Lakewood, NJ
Gardenview Opco LLC
Lakewood, NJ
Maes Management LLC
Lakewood, NJ
Concord Healthcare LLC
Lakewood, NJ
Vita Healthcare Group Limited Liability Company
Lakewood, NJ
New Scotland Healthcare LLC
Lakewood, NJ
LTC Consulting Services LLC
Lakewood, NJ
Sienna Healthcare Group LLC
Lakewood, NJ
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, 86% lower than Bedrock Hc Wi LLC's reported 488 employees, and received an average PPP loan of $557,944, 85% lower than this company's loan of $3.8M.
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.
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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