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PPP Loan Data — Finger Lakes United Cerebal Palsy, Geneva, NY

SBA PPP loan data, payroll data, and salaries for Finger Lakes United Cerebal Palsy
NY Nonprofit Organization

Finger Lakes United Cerebal Palsy

Entity: Non-profit Organization

Industry: Residential Intellectual and Developmental Disability Facilities

Location: Geneva, NY

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Finger Lakes United Cerebal Palsy is a non-profit organization located at 731 Pre Emption Rd in Geneva, New York that received a Coronavirus-related PPP loan from the SBA of $1,614,771.00 in April, 2020.

$ PPP Loan Information
Loan #5834517200

Loan Size:

$1.61M

Jobs Retained:

278

Loan Approved:

2020-04-27

Loan Status:

Ongoing Loan

Lender:

The Lyons National Bank

Finger Lakes United Cerebal Palsy in Geneva, NY received a Paycheck Protection Loan of $1.61M through The Lyons National Bank, which was approved in April, 2020.

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 More
Understanding 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 More

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, Finger Lakes United Cerebal Palsy's 2019 payroll expenses are estimated to be at least $7.75M.

Based on their reported 278 jobs retained, this equals an estimated average yearly compensation of $27,881 per employee1

Reported PPP Proceed Usage:

On the PPP application, Finger Lakes United Cerebal Palsy reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,614,771

Business Information - Finger Lakes United Cerebal Palsy in Geneva, NY

Finger Lakes United Cerebal Palsy
731 Pre Emption Rd
Geneva, NY 14456

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: N

HUBZone: N

Rural / Urban: Rural

Ontario County, NY — SBA Office 0219 — Congressional District: NY-23

Similar Companies near Geneva

In the Geneva area, 2 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a PPP loan. These local businesses reported an average of 335 employees (compared to this company's 278) and received an average PPP loan of $1,687,896 (compared to this company's $1.61M).

Similar Nearby Businesses Who Received PPP Funding:

Catholic Charities Of The Diocese Of Rochester
Geneva, NY

$1.76M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,014 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a total of $1.28B 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 58 employees, 79% lower than Finger Lakes United Cerebal Palsy's reported 278 employees, and received an average PPP loan of $424,200, 74% lower than this company's loan of $1.61M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/finger-lakes-united-cerebal-palsy-geneva-ny