PPP Loan Data — Eihab Human Services New Jersey Inc., Jamaica, NY
Eihab Human Services New Jersey Inc. is a non-profit organization located at 168-18 South Conduit Avenue in Jamaica, New York that received a Coronavirus-related PPP loan from the SBA of $3,783,520.00 in April, 2020.
$ PPP Loan Information
Lender:VALLEY NATIONAL BANK
Eihab Human Services New Jersey Inc. in Jamaica, NY received a Paycheck Protection Loan of $3.78M through VALLEY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Eihab Human Services New Jersey Inc.'s total 2019 payroll expenses were approximately $18.16M in order to qualify for the PPP loan amount received.
Based on their reported 489 jobs retained, this equals an estimated average yearly compensation of $37,139 per employee1.
Business Information - Eihab Human Services New Jersey Inc. in Jamaica, NY
168-18 South Conduit Avenue
Jamaica, NY 11434
Other Social Advocacy Organizations (NAICS code 813319)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-05
Similar Companies near Jamaica
In the Jamaica area, 3 businesses in the "Other Social Advocacy Organizations" industry received a PPP loan. These local businesses reported an average of 166 employees (compared to this company's 489) and received an average PPP loan of $1,275,130 (compared to this company's $3.78M).
Similar Nearby Businesses Who Received PPP Funding:
Iglesia Evangelica Puerta De P
Queens Comprehensive Perinatal Council, Inc.
Industry PPP Comparison Statistics
Nationwide, 5,930 businesses in the "Other Social Advocacy Organizations" industry received a total of $1,048,421,927.00 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 17 employees, 97% lower than Eihab Human Services New Jersey Inc.'s reported 489 employees, and received an average PPP loan of $176,800, 95% lower than this company's loan of $3.78M.
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.
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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