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PPP Loan Data — Federation Of Organizations For The New York Mentally Disabl, West Babylon, NY

SBA PPP loan data, payroll data, and salaries for Federation Of Organizations For The New York Mentally Disabl
NY

Federation Of Organizations For The New York Mentally Disabl

Entity: Limited Liability Company (LLC)

Industry: Residential Mental Health and Substance Abuse Facilities

Location: West Babylon, NY

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Federation Of Organizations For The New York Mentally Disabl is a limited liability company (LLC) located at 1 Farmingdale Road in West Babylon, New York that received a Coronavirus-related PPP loan from the SBA of $4,889,823.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.89M

Jobs Retained:

490

Loan Approved:

2020-04-10

Lender:

VALLEY NATIONAL BANK

Federation Of Organizations For The New York Mentally Disabl received a Paycheck Protection Loan of $4.89M through VALLEY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Federation Of Organizations For The New York Mentally Disabl's total 2019 payroll expenses were approximately $23.47M in order to qualify for the PPP loan amount received.

Based on their reported 490 jobs retained, this equals an estimated average yearly compensation of $47,900 per employee1.

Because the loan received by Federation Of Organizations For The New York Mentally Disabl 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 - Federation Of Organizations For The New York Mentally Disabl in West Babylon, NY

Federation Of Organizations For The New York Mentally Disabl
1 Farmingdale Road
West Babylon, NY 11704

Business Industry

Residential Mental Health and Substance Abuse Facilities (NAICS code 623220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-02

Industry PPP Comparison Statistics

Nationwide, 2,121 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a total of $773,399,773.00 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 38 employees, 92% lower than Federation Of Organizations For The New York Mentally Disabl's reported 490 employees, and received an average PPP loan of $364,639, 93% lower than this company's loan of $4.89M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/federation-of-organizations-for-the-new-york-mentally-disabl-west-babylon-ny