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PPP Loan Data — Ezras Choilim Health Center Inc,
Monroe, NY
Ezras Choilim Health Center Inc
Entity: Subchapter S Corporation
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Monroe, NY
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Ezras Choilim Health Center Inc is a subchapter s corporation located at 49 Forest Rd in Monroe, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #2382308502
Loan Size:
Jobs Retained:
253Loan Approved:
2021-02-20Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationEzras Choilim Health Center Inc in Monroe, NY received a Paycheck Protection Loan of $2M through JPMorgan Chase Bank, National Association, which was approved in February, 2021.
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
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Ezras Choilim Health Center Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 253 jobs retained, this equals an estimated average yearly compensation of $37,945 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ezras Choilim Health Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Ezras Choilim Health Center Inc in Monroe, NY
49 Forest Rd
Monroe, NY 10950
Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Monroe
In the Monroe area, 15 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 253) and received an average PPP loan of $148,091 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Randi Barlow
Monroe, NY
Kimberly Nichols
Monroe, NY
Medwise Billing
Monroe, NY
Upstate Ambulette Inc
Monroe, NY
Irakli Kokrashvili
Monroe, NY
Joel Rubin
Monroe, NY
Autism Support Inc
Kiryas Joel, NY
Hudson Valley Veterinary Cardiology, LLC
Monroe, NY
Industry PPP Comparison Statistics
Nationwide, 176,427 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 96% lower than Ezras Choilim Health Center Inc's reported 253 employees, and received an average PPP loan of $119,313, 94% lower than this company's loan of $2M.
Ezras Choilim Health Center Inc
Entity: Subchapter S Corporation
Industry: Other Individual and Family Services
Location: Monroe, NY
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Ezras Choilim Health Center Inc is a subchapter s corporation located at 49 Forest Rd in Monroe, New York that received a Coronavirus-related PPP loan from the SBA of $2,948,930.00 in May, 2020.
$
PPP Loan Information
Loan #3216737701
Loan Size:
Jobs Retained:
279Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationEzras Choilim Health Center Inc in Monroe, NY received a Paycheck Protection Loan of $2.95M through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Ezras Choilim Health Center Inc's 2019 payroll expenses are estimated to be at least $14.15M.
Based on their reported 279 jobs retained, this equals an estimated average yearly compensation of $50,734 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ezras Choilim Health Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,064,251
- Utilities: $38,131
- Rent: $247,190
- Health Care: $594,685
- Debt Interest: $4,673
Business Information - Ezras Choilim Health Center Inc in Monroe, NY
49 Forest Rd
Monroe, NY 10950
Business Industry:
Other Individual and Family Services
NAICS code 624190
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Monroe
In the Monroe area, 2 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 241 employees (compared to this company's 279) and received an average PPP loan of $1,799,743 (compared to this company's $2.95M).
Similar Nearby Businesses Who Received PPP Funding:
Master Faster Inc
Monroe, NY
Industry PPP Comparison Statistics
Nationwide, 24,879 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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 16 employees, 94% lower than Ezras Choilim Health Center Inc's reported 279 employees, and received an average PPP loan of $118,797, 96% lower than this company's loan of $2.95M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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