PPP Loan Data — Bikur Cholim, Inc, Monsey, NY
Bikur Cholim, Inc is a non-profit organization located at 404 Route 59 in Monsey, New York that received a Coronavirus-related PPP loan from the SBA of $1,680,527.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Bikur Cholim, Inc in Monsey, NY received a Paycheck Protection Loan of $1.68M through KeyBank National Association, 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
Understanding Payroll Estimates Based On PPP Amount
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, Bikur Cholim, Inc's 2019 payroll expenses are estimated to be at least $8.07M.
Based on their reported 229 jobs retained, this equals an estimated average yearly compensation of $35,225 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bikur Cholim, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,680,527
Business Information - Bikur Cholim, Inc in Monsey, NY
404 Route 59
Monsey, NY 10952
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Monsey
In the Monsey area, 7 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 229) and received an average PPP loan of $305,731 (compared to this company's $1.68M).
Similar Nearby Businesses Who Received PPP Funding:
Yutta Engel, Lm, PC
Lyncrest Homecare Inc
Industry PPP Comparison Statistics
Nationwide, 91,996 businesses in the "Home Health Care Services" industry received a total of $7.67B 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 15 employees, 93% lower than Bikur Cholim, Inc's reported 229 employees, and received an average PPP loan of $83,373, 95% lower than this company's loan of $1.68M.
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Footnotes & Information
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