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PPP Loan Data — Four Winds Of Saratoga, Inc., Saratoga Springs, NY

SBA PPP loan data, payroll data, and salaries for Four Winds Of Saratoga, Inc.
NY

Four Winds Of Saratoga, Inc.

Entity: Corporation

Industry: Psychiatric and Substance Abuse Hospitals

Location: Saratoga Springs, NY

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Four Winds Of Saratoga, Inc. is a corporation located at 30 Crescent Avenue in Saratoga Springs, New York that received a Coronavirus-related PPP loan from the SBA of $4,778,745.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.78M

Jobs Retained:

427

Loan Approved:

2020-04-30

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Four Winds Of Saratoga, Inc. received a Paycheck Protection Loan of $4.78M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Four Winds Of Saratoga, Inc.'s total 2019 payroll expenses were approximately $22.94M in order to qualify for the PPP loan amount received.

Based on their reported 427 jobs retained, this equals an estimated average yearly compensation of $53,719 per employee1.

Because the loan received by Four Winds Of Saratoga, Inc. 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 - Four Winds Of Saratoga, Inc. in Saratoga Springs, NY

Four Winds Of Saratoga, Inc.
30 Crescent Avenue
Saratoga Springs, NY 12866

Business Industry

Psychiatric and Substance Abuse Hospitals (NAICS code 622210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-20

Industry PPP Comparison Statistics

Nationwide, 767 businesses in the "Psychiatric and Substance Abuse Hospitals" industry received a total of $269,257,685.00 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 34 employees, 92% lower than Four Winds Of Saratoga, Inc.'s reported 427 employees, and received an average PPP loan of $351,053, 93% lower than this company's loan of $4.78M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/four-winds-of-saratoga-inc-saratoga-springs-ny