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PPP Loan Data — Fellowship Senior Living, Inc.,
Basking Ridge, NJ
Fellowship Senior Living, Inc.
Entity: Corporation
Industry: Assisted Living Facilities for the Elderly
Location: Basking Ridge, NJ
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Fellowship Senior Living, Inc. is a corporation located at 8000 Fellowship Rd in Basking Ridge, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,147,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
362Loan Approved:
2020-04-10Lender:
PEAPACK-GLADSTONE BANKFellowship Senior Living, Inc. in Basking Ridge, NJ received a Paycheck Protection Loan of $4.15M through PEAPACK-GLADSTONE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Fellowship Senior Living, Inc.'s total 2019 payroll expenses were approximately $19.91M in order to qualify for the PPP loan amount received.
Based on their reported 362 jobs retained, this equals an estimated average yearly compensation of $54,997 per employee1.
Business Information - Fellowship Senior Living, Inc. in Basking Ridge, NJ
8000 Fellowship Rd
Basking Ridge, NJ 07920
Business Industry
Assisted Living Facilities for the Elderly (NAICS code 623312)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-07Industry PPP Comparison Statistics
Nationwide, 6,544 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1,444,187,946.00 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 32 employees, 91% lower than Fellowship Senior Living, Inc.'s reported 362 employees, and received an average PPP loan of $220,689, 95% lower than this company's loan of $4.15M.
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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