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PPP Loan Data — Camcare Health Corp, Camden, NJ

SBA PPP loan data, payroll data, and salaries for Camcare Health Corp
NJ Nonprofit Organization

Camcare Health Corp

Entity: Non-profit Organization

Industry: All Other Outpatient Care Centers

Location: Camden, NJ

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Camcare Health Corp is a non-profit organization located at 817 Federal St in Camden, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,171,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.17M

Jobs Retained:

205

Loan Approved:

2020-04-14

Lender:

PNC BANK, NATIONAL ASSOCIATION

Camcare Health Corp received a Paycheck Protection Loan of $3.17M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Camcare Health Corp's total 2019 payroll expenses were approximately $15.22M in order to qualify for the PPP loan amount received.

Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $74,267 per employee1.

Because the loan received by Camcare Health Corp 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 - Camcare Health Corp in Camden, NJ

Camcare Health Corp
817 Federal St
Camden, NJ 8103

Business Industry

All Other Outpatient Care Centers (NAICS code 621498)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-01

Industry PPP Comparison Statistics

Nationwide, 5,588 businesses in the "All Other Outpatient Care Centers" industry received a total of $1,142,796,792.00 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 17 employees, 92% lower than Camcare Health Corp's reported 205 employees, and received an average PPP loan of $204,509, 94% lower than this company's loan of $3.17M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/camcare-health-corp-camden-nj