PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Geriatric Resource Consultants Co LLC, Brooklyn, NY

SBA PPP loan data, payroll data, and salaries for Geriatric Resource Consultants Co LLC
NY

Geriatric Resource Consultants Co LLC

Entity: Limited Liability Company (LLC)

Industry: Home Health Care Services

Location: Brooklyn, NY

Search All PPP Data

Geriatric Resource Consultants Co LLC is a limited liability company (LLC) located at 2625 E 14th St Ste 207 in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $3,384,965.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.38M

Jobs Retained:

456

Loan Approved:

2020-04-28

Lender:

CITIBANK, N.A.

Geriatric Resource Consultants Co LLC received a Paycheck Protection Loan of $3.38M through CITIBANK, N.A., which was approved in April, 2020.

Based on standard PPP eligibility rules, Geriatric Resource Consultants Co LLC's total 2019 payroll expenses were approximately $16.25M in order to qualify for the PPP loan amount received.

Based on their reported 456 jobs retained, this equals an estimated average yearly compensation of $35,631 per employee1.

Because the loan received by Geriatric Resource Consultants Co LLC 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 - Geriatric Resource Consultants Co LLC in Brooklyn, NY

Geriatric Resource Consultants Co LLC
2625 E 14th St Ste 207
Brooklyn, NY 11235

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-08

Similar Companies near Brooklyn

In the Brooklyn area, 48 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 107 employees (compared to this company's 456) and received an average PPP loan of $1,316,227 (compared to this company's $3.38M).

Industry PPP Comparison Statistics

Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 34 employees, 93% lower than Geriatric Resource Consultants Co LLC's reported 456 employees, and received an average PPP loan of $212,236, 94% lower than this company's loan of $3.38M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/geriatric-resource-consultants-co-llc-brooklyn-ny