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PPP Loan Data — Hamilton Park Multicare LLC, Brooklyn, NY

SBA PPP loan data, payroll data, and salaries for Hamilton Park Multicare LLC
NY

Hamilton Park Multicare LLC

Entity: Limited Liability Company (LLC)

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Brooklyn, NY

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Hamilton Park Multicare LLC is a limited liability company (LLC) located at 691-92 Street in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,606,660.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.61M

Jobs Retained:

307

Loan Approved:

2020-05-02

Lender:

VALLEY NATIONAL BANK

Hamilton Park Multicare LLC received a Paycheck Protection Loan of $2.61M through VALLEY NATIONAL BANK, which was approved in May, 2020.

Based on standard PPP eligibility rules, Hamilton Park Multicare LLC's total 2019 payroll expenses were approximately $12.51M in order to qualify for the PPP loan amount received.

Based on their reported 307 jobs retained, this equals an estimated average yearly compensation of $40,756 per employee1.

Because the loan received by Hamilton Park Multicare 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 - Hamilton Park Multicare LLC in Brooklyn, NY

Hamilton Park Multicare LLC
691-92 Street
Brooklyn, NY 11228

Business Industry

Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-11

Similar Companies near Brooklyn

In the Brooklyn area, 5 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 162 employees (compared to this company's 307) and received an average PPP loan of $959,234 (compared to this company's $2.61M).

Industry PPP Comparison Statistics

Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 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 66 employees, 79% lower than Hamilton Park Multicare LLC's reported 307 employees, and received an average PPP loan of $557,944, 79% lower than this company's loan of $2.61M.

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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Source: www.federalpay.org/paycheck-protection-program/hamilton-park-multicare-llc-brooklyn-ny