PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Care Plus Workforce Solutions, Paramus, NJ

ALERT: There are 2 PPP loans for a total of $104,224 in our database for businesses with the name "Care Plus Workforce Solutions" in Paramus, NJ. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Care Plus Workforce Solutions
NJ Nonprofit Organization

Care Plus Workforce Solutions

Entity: Non-profit Organization

Industry: Outpatient Mental Health and Substance Abuse Centers

Location: Paramus, NJ

Search All PPP Data

Care Plus Workforce Solutions is a non-profit organization located at 610 Valley Health Plz in Paramus, New Jersey that received a Coronavirus-related PPP loan from the SBA of $52,112.00 in February, 2021.

$ PPP Loan Information Loan #3738578400

Loan Size:

$52,112

Jobs Retained:

35

Loan Approved:

2021-02-05

Loan Status:

Ongoing Loan

Lender:

Columbia Bank

Care Plus Workforce Solutions in Paramus, NJ received a Paycheck Protection Loan of $52,112 through Columbia Bank, which was approved in February, 2021.

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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Care Plus Workforce Solutions' 2019 payroll expenses are estimated to be at least $250,138.

Based on their reported 35 jobs retained, this equals an estimated average yearly compensation of $7,147 per employee1

Reported PPP Proceed Usage:

On the PPP application, Care Plus Workforce Solutions reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $52,108

Business Information - Care Plus Workforce Solutions in Paramus, NJ

Care Plus Workforce Solutions
610 Valley Health Plz
Paramus, NJ 7652

Business Industry:
Outpatient Mental Health and Substance Abuse Centers
NAICS code 621420

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Bergen County, NJ — SBA Office 0299 — Congressional District: NJ-05

Similar Companies near Paramus

In the Paramus area, 3 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 157 employees (compared to this company's 35) and received an average PPP loan of $2,074,878 (compared to this company's $52,112).

Industry PPP Comparison Statistics

Nationwide, 8,317 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,647,571,074.00 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 23 employees, 34% lower than Care Plus Workforce Solutions' reported 35 employees, and received an average PPP loan of $198,097, 280% higher than this company's loan of $52,112.

SBA PPP loan data, payroll data, and salaries for Care Plus Workforce Solutions
NJ Nonprofit Organization

Care Plus Workforce Solutions

Entity: Non-profit Organization

Industry: Outpatient Mental Health and Substance Abuse Centers

Location: Paramus, NJ

Search All PPP Data

Care Plus Workforce Solutions is a non-profit organization located at 610 Valley Health Plz in Paramus, New Jersey that received a Coronavirus-related PPP loan from the SBA of $52,112.00 in April, 2020.

$ PPP Loan Information Loan #4766167205

Loan Size:

$52,112

Jobs Retained:

35

Loan Approved:

2020-04-27

Loan Status:

Ongoing Loan

Lender:

Columbia Bank

Care Plus Workforce Solutions in Paramus, NJ received a Paycheck Protection Loan of $52,112 through Columbia Bank, 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Care Plus Workforce Solutions' 2019 payroll expenses are estimated to be at least $250,138.

Based on their reported 35 jobs retained, this equals an estimated average yearly compensation of $7,147 per employee1

Reported PPP Proceed Usage:

On the PPP application, Care Plus Workforce Solutions reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $52,112

Business Information - Care Plus Workforce Solutions in Paramus, NJ

Care Plus Workforce Solutions
610 Valley Health Plz
Paramus, NJ 7652

Business Industry:
Outpatient Mental Health and Substance Abuse Centers
NAICS code 621420

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Bergen County, NJ — SBA Office 0299 — Congressional District: NJ-05

Similar Companies near Paramus

In the Paramus area, 3 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 157 employees (compared to this company's 35) and received an average PPP loan of $2,074,878 (compared to this company's $52,112).

Industry PPP Comparison Statistics

Nationwide, 8,317 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,647,571,074.00 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 23 employees, 34% lower than Care Plus Workforce Solutions' reported 35 employees, and received an average PPP loan of $198,097, 280% higher than this company's loan of $52,112.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/care-plus-workforce-solutions-paramus-nj