PPP Loan Data — Center For New Horizons Inc., Hauppauge, NY
Center For New Horizons Inc. is a non-profit organization located at 300 Kennedy Drive in Hauppauge, New York that received a Coronavirus-related PPP loan from the SBA of $4,144,283.00 in April, 2020.
$ PPP Loan Information
Lender:DIME COMMUNITY BANK
Center For New Horizons Inc. in Hauppauge, NY received a Paycheck Protection Loan of $4.14M through DIME COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Center For New Horizons Inc.'s total 2019 payroll expenses were approximately $19.89M in order to qualify for the PPP loan amount received.
Based on their reported 468 jobs retained, this equals an estimated average yearly compensation of $42,505 per employee1.
Business Information - Center For New Horizons Inc. in Hauppauge, NY
300 Kennedy Drive
Hauppauge, NY 11788
Other Grantmaking and Giving Services (NAICS code 813219)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-01
Similar Companies near Hauppauge
In the Hauppauge area, 2 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 235 employees (compared to this company's 468) and received an average PPP loan of $2,091,459 (compared to this company's $4.14M).
Similar Nearby Businesses Who Received PPP Funding:
Michael W. Mccarthy Foundation Inc
Industry PPP Comparison Statistics
Nationwide, 6,269 businesses in the "Other Grantmaking and Giving Services" industry received a total of $998,645,047.00 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 16 employees, 97% lower than Center For New Horizons Inc.'s reported 468 employees, and received an average PPP loan of $159,299, 96% lower than this company's loan of $4.14M.
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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