PPP Loan Data — Hand In Hand Family Services, LTD, Brooklyn, NY
Hand In Hand Family Services, LTD is a corporation located at 1527 60th St in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $3,934,335.00 in May, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Hand In Hand Family Services, LTD in Brooklyn, NY received a Paycheck Protection Loan of $3.93M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Hand In Hand Family Services, LTD's total 2019 payroll expenses were approximately $18.88M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $37,770 per employee1.
Business Information - Hand In Hand Family Services, LTD in Brooklyn, NY
1527 60th St
Brooklyn, NY 11219
Other Individual and Family Services (NAICS code 624190)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-10
Similar Companies near Brooklyn
In the Brooklyn area, 7 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 107 employees (compared to this company's 500) and received an average PPP loan of $784,597 (compared to this company's $3.93M).
Similar Nearby Businesses Who Received PPP Funding:
Wireless For All Inc
Elizabeth Clemants, LLC
Joanna Barbara Lis Pediatrics PC
Integrated Treatment Services, Inc.
Flatbush & Shaare Torah Jewish Center
Industry PPP Comparison Statistics
Nationwide, 15,794 businesses in the "Other Individual and Family Services" industry received a total of $2,302,146,944.00 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 17 employees, 97% lower than Hand In Hand Family Services, LTD's reported 500 employees, and received an average PPP loan of $145,761, 96% lower than this company's loan of $3.93M.
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, and is published unmodified, as provided by the SBA.
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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