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PPP Loan Data — Care Plus NJ,
Paramus, NJ
Care Plus NJ
Entity: Non-profit Organization
Industry: Outpatient Mental Health and Substance Abuse Centers
Location: Paramus, NJ
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Care Plus NJ is a non-profit organization located at 610 Valley Health Plaza in Paramus, New Jersey that received a Coronavirus-related PPP loan from the SBA of $6,120,409.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
401Loan Approved:
2020-04-27Lender:
COLUMBIA BANKCare Plus NJ received a Paycheck Protection Loan of $6.12M through COLUMBIA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Care Plus NJ's total 2019 payroll expenses were approximately $29.38M in order to qualify for the PPP loan amount received.
Based on their reported 401 jobs retained, this equals an estimated average yearly compensation of $73,262 per employee1.
Business Information - Care Plus NJ in Paramus, NJ
610 Valley Health Plaza
Paramus, NJ 7652
Business Industry
Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-05Similar Companies near Paramus
In the Paramus area, 2 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 218 employees (compared to this company's 401) and received an average PPP loan of $3,086,261 (compared to this company's $6.12M).
Similar Nearby Businesses Who Received PPP Funding:
Care Plus Workforce Solutions
Paramus, NJ
Industry PPP Comparison Statistics
Nationwide, 5,494 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,342,170,180.00 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 24 employees, 94% lower than Care Plus NJ's reported 401 employees, and received an average PPP loan of $244,297, 96% lower than this company's loan of $6.12M.
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.
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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