PPP Loan Data — Finger Lakes United Cerebal Palsy, Geneva, NY
Finger Lakes United Cerebal Palsy
Entity: Non-profit Organization
Location: Geneva, NYTweet This • Search All PPP Data
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 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
Understanding Payroll Estimates Based On PPP Amount
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
731 Pre Emption Rd
Geneva, NY 14456
Residential Intellectual and Developmental Disability Facilities
NAICS code 623210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
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
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.
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Footnotes & Information
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