PPP Loan Data — Broadway Healthcare Management LLC, Hackensack, NJ
Broadway Healthcare Management LLC is a limited liability company (LLC) located at 0 One University Plaza, Suite 206 in Hackensack, New Jersey that received a Coronavirus-related PPP loan from the SBA of $7,207,925.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:HARVEST SMALL BUSINESS FINANCE, LLC
Broadway Healthcare Management LLC in Hackensack, NJ received a Paycheck Protection Loan of $7.21M through HARVEST SMALL BUSINESS FINANCE, LLC, which was approved in April, 2020.
Based on standard PPP eligibility rules, Broadway Healthcare Management LLC's total 2019 payroll expenses were approximately $34.6M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $69,196 per employee1.
Business Information - Broadway Healthcare Management LLC in Hackensack, NJ
0 One University Plaza, Suite 206
Hackensack, NJ 7601
Offices of Other Holding Companies (NAICS code 551112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: NJ-05
Similar Companies near Hackensack
In the Hackensack area, 4 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 198 employees (compared to this company's 500) and received an average PPP loan of $3,336,428 (compared to this company's $7.21M).
Similar Nearby Businesses Who Received PPP Funding:
Iris Holdings NY LLC
Bkpf Management Inc
Cole Schotz PC
Industry PPP Comparison Statistics
Nationwide, 7,606 businesses in the "Offices of Other Holding Companies" industry received a total of $1,222,968,235.00 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 14 employees, 97% lower than Broadway Healthcare Management LLC's reported 500 employees, and received an average PPP loan of $160,790, 98% lower than this company's loan of $7.21M.
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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