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PPP Loan Data — Greater New York Hc Services LLC, Brooklyn, NY

SBA PPP loan data, payroll data, and salaries for Greater New York Hc Services LLC
NY

Greater New York Hc Services LLC

Entity: Limited Liability Company (LLC)

Industry: Professional Organizations

Location: Brooklyn, NY

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Greater New York Hc Services LLC is a limited liability company (LLC) located at 6321 New Utrecht Avenue in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $4,041,000.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 332 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.04M

Jobs Retained:

332

Loan Approved:

2020-04-11

Lender:

BANKUNITED, NATIONAL ASSOCIATION

Greater New York Hc Services LLC received a Paycheck Protection Loan of $4.04M through BANKUNITED, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Greater New York Hc Services LLC's total 2019 payroll expenses were approximately $19.4M in order to qualify for the PPP loan amount received.

Based on their reported 332 jobs retained, this equals an estimated average yearly compensation of $58,424 per employee1.

Because the loan received by Greater New York Hc Services 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 - Greater New York Hc Services LLC in Brooklyn, NY

Greater New York Hc Services LLC
6321 New Utrecht Avenue
Brooklyn, NY 11219

Business Industry

Professional Organizations (NAICS code 813920)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: NY-10

Similar Companies near Brooklyn

In the Brooklyn area, 3 businesses in the "Professional Organizations" industry received a PPP loan. These local businesses reported an average of 112 employees (compared to this company's 332) and received an average PPP loan of $1,352,612 (compared to this company's $4.04M).

Industry PPP Comparison Statistics

Nationwide, 5,854 businesses in the "Professional Organizations" industry received a total of $547,492,722.00 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 7 employees, 98% lower than Greater New York Hc Services LLC's reported 332 employees, and received an average PPP loan of $93,525, 98% lower than this company's loan of $4.04M.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/greater-new-york-hc-services-llc-brooklyn-ny