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

PPP Loan Data — Choice Long Island Inc, Hauppauge, NY

SBA PPP loan data, payroll data, and salaries for Choice Long Island Inc
NY

Choice Long Island Inc

Entity: Subchapter S Corporation

Industry: Human Resources Consulting Services

Location: Hauppauge, NY

Search All PPP Data

Choice Long Island Inc is a subchapter s corporation located at 700 Veterans Hwy Ste Cl140 in Hauppauge, New York that received a Coronavirus-related PPP loan from the SBA of $3,900,060.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.9M

Jobs Retained:

500

Loan Approved:

2020-04-27

Lender:

HSBC BANK USA, NATIONAL ASSOCIATION

Choice Long Island Inc in Hauppauge, NY received a Paycheck Protection Loan of $3.9M through HSBC BANK USA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Choice Long Island Inc's total 2019 payroll expenses were approximately $18.72M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $37,441 per employee1.

Because the loan received by Choice Long Island Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Choice Long Island Inc in Hauppauge, NY

Choice Long Island Inc
700 Veterans Hwy Ste Cl140
Hauppauge, NY 11788

Business Industry

Human Resources Consulting Services (NAICS code 541612)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-01

Similar Companies near Hauppauge

In the Hauppauge area, 2 businesses in the "Human Resources Consulting Services" industry received a PPP loan. These local businesses reported an average of 255 employees (compared to this company's 500) and received an average PPP loan of $2,008,146 (compared to this company's $3.9M).

Similar Nearby Businesses Who Received PPP Funding:

Compass Workforce Solutions, LLC
Hauppauge, NY

$116,232 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,762 businesses in the "Human Resources Consulting Services" industry received a total of $618,531,209.00 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 11 employees, 98% lower than Choice Long Island Inc's reported 500 employees, and received an average PPP loan of $129,889, 97% lower than this company's loan of $3.9M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/choice-long-island-inc-hauppauge-ny