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PPP Loan Data — Dr Leonards Healthcare Inc, Edison, NJ

SBA PPP loan data, payroll data, and salaries for Dr Leonards Healthcare Inc
NJ

Dr Leonards Healthcare Inc

Entity: Corporation

Industry: Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers

Location: Edison, NJ

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Dr Leonards Healthcare Inc is a corporation located at 100 Nixon Lane in Edison, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,058,801.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.06M

Jobs Retained:

313

Loan Approved:

2020-05-14

Lender:

VALLEY NATIONAL BANK

Dr Leonards Healthcare Inc received a Paycheck Protection Loan of $3.06M through VALLEY NATIONAL BANK, which was approved in May, 2020.

Based on standard PPP eligibility rules, Dr Leonards Healthcare Inc's total 2019 payroll expenses were approximately $14.68M in order to qualify for the PPP loan amount received.

Based on their reported 313 jobs retained, this equals an estimated average yearly compensation of $46,908 per employee1.

Because the loan received by Dr Leonards Healthcare 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 - Dr Leonards Healthcare Inc in Edison, NJ

Dr Leonards Healthcare Inc
100 Nixon Lane
Edison, NJ 8837

Business Industry

Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers (NAICS code 423450)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-06

Similar Companies near Edison

In the Edison area, 3 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 115 employees (compared to this company's 313) and received an average PPP loan of $1,130,232 (compared to this company's $3.06M).

Industry PPP Comparison Statistics

Nationwide, 8,635 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a total of $1,055,539,669.00 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 9 employees, 97% lower than Dr Leonards Healthcare Inc's reported 313 employees, and received an average PPP loan of $122,240, 96% lower than this company's loan of $3.06M.

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.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/dr-leonards-healthcare-inc-edison-nj