PPP Loan Data — Daughters Of Sarah Nursing Center, Inc, Albany, NY
Daughters Of Sarah Nursing Center, Inc
Entity: Non-profit Organization
Location: Albany, NYTweet This • Search All PPP Data
Daughters Of Sarah Nursing Center, Inc is a non-profit organization located at 180 Washington Avenue Extension in Albany, New York that received a Coronavirus-related PPP loan from the SBA of $2,564,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Daughters Of Sarah Nursing Center, Inc in Albany, NY received a Paycheck Protection Loan of $2.56M through KeyBank National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Daughters Of Sarah Nursing Center, Inc's 2019 payroll expenses are estimated to be at least $12.31M.
Based on their reported 266 jobs retained, this equals an estimated average yearly compensation of $46,284 per employee1
Reported PPP Proceed Usage:
On the PPP application, Daughters Of Sarah Nursing Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,564,900
Business Information - Daughters Of Sarah Nursing Center, Inc in Albany, NY
180 Washington Avenue Extension
Albany, NY 12203
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Albany
In the Albany area, 3 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 264 employees (compared to this company's 266) and received an average PPP loan of $2,137,178 (compared to this company's $2.56M).
Similar Nearby Businesses Who Received PPP Funding:
Daughters Of Sarah Housing Company, Inc, DBA The Massry RE
Teresian House Nursing Home Co., Inc
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, 77% lower than Daughters Of Sarah Nursing Center, Inc's reported 266 employees, and received an average PPP loan of $442,944, 83% lower than this company's loan of $2.56M.
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Footnotes & Information
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