PPP Loan Data — Gardenview Opco LLC, Lakewood, NJ
Gardenview Opco LLC
Entity: Limited Liability Company (LLC)
Location: Lakewood, NJTweet This • Search All PPP Data
Gardenview Opco LLC is a limited liability company (LLC) located at 475 Oberlin Ave South Suite 203 in Lakewood, New Jersey that received a Coronavirus-related PPP loan from the SBA of $1,554,590.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Valley National Bank
Gardenview Opco LLC in Lakewood, NJ received a Paycheck Protection Loan of $1.55M through Valley National Bank, which was approved in April, 2020.
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, Gardenview Opco LLC's 2019 payroll expenses are estimated to be at least $7.46M.
Based on their reported 196 jobs retained, this equals an estimated average yearly compensation of $38,072 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gardenview Opco LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,554,590
Business Information - Gardenview Opco LLC in Lakewood, NJ
475 Oberlin Ave South Suite 203
Lakewood, NJ 8701
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lakewood
In the Lakewood area, 36 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 196) and received an average PPP loan of $999,393 (compared to this company's $1.55M).
Similar Nearby Businesses Who Received PPP Funding:
Maes Management LLC
Leisure Chateau Associates LLC
Shore Health Care Center
Goldenview Living LLC
Symcha Realty Co, LLC
MS Care LLC
LTC Consulting Services LLC
Concord Healthcare LLC
Aventura At Prospect LLC
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B 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 60 employees, 69% lower than Gardenview Opco LLC's reported 196 employees, and received an average PPP loan of $442,944, 72% lower than this company's loan of $1.55M.
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Footnotes & Information
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