PPP Loan Data — Care Plus Workforce Solutions, Paramus, NJ
Care Plus Workforce Solutions
Entity: Non-profit Organization
Location: Paramus, NJTweet This • 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
Care Plus Workforce Solutions received a Paycheck Protection Loan of $52,112 through COLUMBIA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Care Plus Workforce Solutions' total 2019 payroll expenses were approximately $250,138 in order to qualify for the PPP loan amount received.
Based on their reported 35 jobs retained, this equals an estimated average yearly compensation of $7,147 per employee1.
Business Information - Care Plus Workforce Solutions in Paramus, NJ
610 Valley Health Plz
Paramus, NJ 7652
Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-05
Similar 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 35) and received an average PPP loan of $3,086,261 (compared to this company's $52,112).
Similar Nearby Businesses Who Received PPP Funding:
Care Plus 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, 31% lower than Care Plus Workforce Solutions' reported 35 employees, and received an average PPP loan of $244,297, 369% 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.
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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