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PPP Loan Data — Greater New York Hc Services LLC,
Brooklyn, NY
Greater New York Hc Services LLC
Entity: Limited Liability Company (LLC)
Industry: Home Health Care Services
Location: Brooklyn, NY
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Greater New York Hc Services LLC is a limited liability company (LLC) located at 6424 18th Ave in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a White male owned business, and employed at least 289 people during the applicable loan loan period.
$
PPP Loan Information
Loan #3139398501
Loan Size:
Jobs Retained:
289Loan Approved:
2021-02-23Loan Status:
Paid in Full or ForgivenLender:
BankUnited, National AssociationGreater New York Hc Services LLC in Brooklyn, NY received a Paycheck Protection Loan of $2M through BankUnited, National Association, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Greater New York Hc Services LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 289 jobs retained, this equals an estimated average yearly compensation of $33,218 per employee1
Reported PPP Proceed Usage:
On the PPP application, Greater New York Hc Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Greater New York Hc Services LLC in Brooklyn, NY
6424 18th Ave
Brooklyn, NY 11204
Business Industry:
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 58 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 289) and received an average PPP loan of $482,148 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Shahzadi Karim
Brooklyn, NY
On Call Medical Management Inc
Brooklyn, NY
Alice Kachkachishvili
Brooklyn, NY
Ketevan Ramage
Brooklyn, NY
The W Management Group, LLC
Brooklyn, NY
Olguine Romain Mezier
Brooklyn, NY
Susanette Blenman
Brooklyn, NY
Nana Magali
Brooklyn, NY
Industry PPP Comparison Statistics
Nationwide, 87,576 businesses in the "Home Health Care Services" industry received a total of $7.58B 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 16 employees, 94% lower than Greater New York Hc Services LLC's reported 289 employees, and received an average PPP loan of $86,526, 96% lower than this company's loan of $2M.
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 #3588387105
Loan Size:
Jobs Retained:
332Loan Approved:
2020-04-11Loan Status:
Paid in Full or ForgivenLender:
BankUnited, National AssociationGreater New York Hc Services LLC in Brooklyn, NY received a Paycheck Protection Loan of $4.04M through BankUnited, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Greater New York Hc Services LLC's 2019 payroll expenses are estimated to be at least $19.4M.
Based on their reported 332 jobs retained, this equals an estimated average yearly compensation of $58,424 per employee1
Reported PPP Proceed Usage:
On the PPP application, Greater New York Hc Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,041,000
Business Information - Greater New York Hc Services LLC in Brooklyn, NY
6321 New Utrecht Avenue
Brooklyn, NY 11219
Business Industry:
Professional Organizations
NAICS code 813920
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 5 businesses in the "Professional Organizations" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 332) and received an average PPP loan of $819,737 (compared to this company's $4.04M).
Similar Nearby Businesses Who Received PPP Funding:
Beila Drezdner
Brooklyn, NY
Prosmiles Dental Care PC
Brooklyn, NY
Victoria Dental Care PC
Brooklyn, NY
AMP Consultant NY Inc
Brooklyn, NY
Industry PPP Comparison Statistics
Nationwide, 9,453 businesses in the "Professional Organizations" industry received a total of $902.32M 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 8 employees, 98% lower than Greater New York Hc Services LLC's reported 332 employees, and received an average PPP loan of $95,453, 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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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