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PPP Loan Data — Hendon Garden Center LLC, Far Rockaway, NY

SBA PPP loan data, payroll data, and salaries for Hendon Garden Center LLC
NY

Hendon Garden Center LLC

Entity: Limited Liability Company (LLC)

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Far Rockaway, NY

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Hendon Garden Center LLC is a limited liability company (LLC) located at 1711 Brookhaven Ave in Far Rockaway, New York that received a Coronavirus-related PPP loan from the SBA of $1,780,697.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$1.78M

Jobs Retained:

134

Loan Approved:

2020-05-07

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Hendon Garden Center LLC received a Paycheck Protection Loan of $1.78M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Hendon Garden Center LLC's total 2019 payroll expenses were approximately $8.55M in order to qualify for the PPP loan amount received.

Based on their reported 134 jobs retained, this equals an estimated average yearly compensation of $63,786 per employee1.

Business Information - Hendon Garden Center LLC in Far Rockaway, NY

Hendon Garden Center LLC
1711 Brookhaven Ave
Far Rockaway, NY 11691

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: NON-VETERAN

Congressional District: NY-05

Similar Companies near Far Rockaway

In the Far Rockaway area, 17 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 134) and received an average PPP loan of $1,513,635 (compared to this company's $1.78M).

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, 51% lower than Hendon Garden Center LLC's reported 134 employees, and received an average PPP loan of $557,944, 69% lower than this company's loan of $1.78M.

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.

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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/hendon-garden-center-llc-far-rockaway-ny