PPP Loan Data — Central Nassau Guidance & Counseling Services, Inc., Hicksville, NY
Central Nassau Guidance & Counseling Services, Inc.
Entity: Non-profit Organization
Location: Hicksville, NYTweet This • Search All PPP Data
Central Nassau Guidance & Counseling Services, Inc. is a non-profit organization located at 950 South Oyster Bay Road in Hicksville, New York that received a Coronavirus-related PPP loan from the SBA of $3,696,595.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Central Nassau Guidance & Counseling Services, Inc. received a Paycheck Protection Loan of $3.7M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Central Nassau Guidance & Counseling Services, Inc.'s total 2019 payroll expenses were approximately $17.74M in order to qualify for the PPP loan amount received.
Based on their reported 263 jobs retained, this equals an estimated average yearly compensation of $67,466 per employee1.
Business Information - Central Nassau Guidance & Counseling Services, Inc. in Hicksville, NY
950 South Oyster Bay Road
Hicksville, NY 11801
Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-03
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, 91% lower than Central Nassau Guidance & Counseling Services, Inc.'s reported 263 employees, and received an average PPP loan of $244,297, 93% lower than this company's loan of $3.7M.
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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