PPP Loan Data — Collingswood Operator LLC, Brick, NJ
Collingswood Operator LLC
Entity: Limited Liability Company (LLC)
Location: Brick, NJTweet This • Search All PPP Data
Collingswood Operator LLC is a limited liability company (LLC) located at 1608 Route 88 Suite 301 in Brick, New Jersey that received a Coronavirus-related PPP loan from the SBA of $1,517,810.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:CIBC Bank USA
Collingswood Operator LLC in Brick, NJ received a Paycheck Protection Loan of $1.52M through CIBC Bank USA, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Collingswood Operator LLC's 2019 payroll expenses are estimated to be at least $7.29M.
Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $36,795 per employee1
Reported PPP Proceed Usage:
On the PPP application, Collingswood Operator LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,517,810
Business Information - Collingswood Operator LLC in Brick, NJ
1608 Route 88 Suite 301
Brick, NJ 8724
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brick
In the Brick area, 23 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 198) and received an average PPP loan of $907,068 (compared to this company's $1.52M).
Similar Nearby Businesses Who Received PPP Funding:
Cedar View Operator LLC
Crest Pointe Operator LLC
Providence Operator LLC
Liberty Nursing Agency Inc
Brick Township, NJ
Brentwood Operator LLC
Spring Grove Operator LLC
Chestnut Woods Operator LLC
Northa Crooms Carter
Elmhurst Operator LLC
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 60 employees, 70% lower than Collingswood Operator LLC's reported 198 employees, and received an average PPP loan of $442,944, 71% lower than this company's loan of $1.52M.
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Footnotes & Information
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