PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Hillcroft Day Camp Inc, Lagrangeville, NY

ALERT: There are 2 PPP loans for a total of $256,336 in our database for businesses with the name "Hillcroft Day Camp Inc" in Lagrangeville, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Hillcroft Day Camp Inc
NY

Hillcroft Day Camp Inc

Entity: Corporation

Industry: All Other Amusement and Recreation Industries

Location: Lagrangeville, NY

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Hillcroft Day Camp Inc is a corporation located at 1562 Route 55 in Lagrangeville, New York that received a Coronavirus-related PPP loan from the SBA of $203,236.00 in January, 2021.

$ PPP Loan Information
Loan #9985388309

Loan Size:

$203,236

Jobs Retained:

98

Loan Approved:

2021-01-31

Loan Status:

Ongoing Loan

Lender:

Mahopac Bank

Hillcroft Day Camp Inc in Lagrangeville, NY received a Paycheck Protection Loan of $203,236 through Mahopac Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

Based 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, Hillcroft Day Camp Inc's 2019 payroll expenses are estimated to be at least $975,533.

Based on their reported 98 jobs retained, this equals an estimated average yearly compensation of $9,954 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hillcroft Day Camp Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $203,236

Business Information - Hillcroft Day Camp Inc in Lagrangeville, NY

Hillcroft Day Camp Inc
1562 Route 55
Lagrangeville, NY 12540

Business Industry:
All Other Amusement and Recreation Industries
NAICS code 713990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Dutchess County, NY — SBA Office 0202 — Congressional District: NY-19

Similar Companies near Lagrangeville

In the Lagrangeville area, 2 businesses in the "All Other Amusement and Recreation Industries" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 98) and received an average PPP loan of $110,479 (compared to this company's $203,236).

Similar Nearby Businesses Who Received PPP Funding:

Ashton Donell Armory Inc
Lagrangeville, NY

$17,722 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 26,511 businesses in the "All Other Amusement and Recreation Industries" industry received a total of $1.46B 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 12 employees, 88% lower than Hillcroft Day Camp Inc's reported 98 employees, and received an average PPP loan of $55,179, 73% lower than this company's loan of $203,236.

SBA PPP loan data, payroll data, and salaries for Hillcroft Day Camp, Inc
NY

Hillcroft Day Camp, Inc

Entity: Corporation

Industry: Recreational and Vacation Camps (except Campgrounds)

Location: Lagrangeville, NY

Search All PPP Data

Hillcroft Day Camp, Inc is a corporation located at 1562 Route 55 in Lagrangeville, New York that received a Coronavirus-related PPP loan from the SBA of $53,100.00 in April, 2020.

$ PPP Loan Information
Loan #5711297010

Loan Size:

$53,100

Jobs Retained:

4

Loan Approved:

2020-04-06

Loan Status:

Ongoing Loan

Lender:

Mahopac Bank

Hillcroft Day Camp, Inc in Lagrangeville, NY received a Paycheck Protection Loan of $53,100 through Mahopac Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

Based 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, Hillcroft Day Camp, Inc's 2019 payroll expenses are estimated to be at least $254,880.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $63,720 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hillcroft Day Camp, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $53,100

Business Information - Hillcroft Day Camp, Inc in Lagrangeville, NY

Hillcroft Day Camp, Inc
1562 Route 55
Lagrangeville, NY 12540

Business Industry:
Recreational and Vacation Camps (except Campgrounds)
NAICS code 721214

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Dutchess County, NY — SBA Office 0202 — Congressional District: NY-19

Industry PPP Comparison Statistics

Nationwide, 3,732 businesses in the "Recreational and Vacation Camps (except Campgrounds)" industry received a total of $563.63M 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 26 employees, 550% higher than Hillcroft Day Camp, Inc's reported 4 employees, and received an average PPP loan of $151,027, 184% higher than this company's loan of $53,100.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/hillcroft-day-camp-inc-lagrangeville-ny