PPP Loan Data — East House Corporation, Rochester, NY
East House Corporation is a non-profit organization located at 259 Monroe Avenue Suite 200 Suite 200 in Rochester, New York that received a Coronavirus-related PPP loan from the SBA of $1,900,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
East House Corporation in Rochester, NY received a Paycheck Protection Loan of $1.9M through Manufacturers and Traders Trust Company, which was approved in April, 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, East House Corporation's 2019 payroll expenses are estimated to be at least $9.12M.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $45,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, East House Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,693,035
- Rent: $47,038
- Health Care: $159,927
Business Information - East House Corporation in Rochester, NY
259 Monroe Avenue Suite 200 Suite 200
Rochester, NY 14607
Other Residential Care Facilities
NAICS code 623990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,850 businesses in the "Other Residential Care Facilities" industry received a total of $891.17M 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 26 employees, 87% lower than East House Corporation's reported 200 employees, and received an average PPP loan of $183,746, 90% lower than this company's loan of $1.9M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!