PPP Loan Data — Independence Care System Inc., Brooklyn, NY
Independence Care System Inc. is a non-profit organization located at 25 Elm Pl 5th Floor in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $3,408,526.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Independence Care System Inc. in Brooklyn, NY received a Paycheck Protection Loan of $3.41M through SIGNATURE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Independence Care System Inc.'s total 2019 payroll expenses were approximately $16.36M in order to qualify for the PPP loan amount received.
Unlike most businesses, Independence Care System Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Independence Care System Inc. in Brooklyn, NY
25 Elm Pl 5th Floor
Brooklyn, NY 11201
Other Individual and Family Services (NAICS code 624190)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-07
Similar Companies near Brooklyn
In the Brooklyn area, 12 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 0) and received an average PPP loan of $1,222,932 (compared to this company's $3.41M).
Similar Nearby Businesses Who Received PPP Funding:
Stoked Mentoring, Inc.
Louann Smith Lcsw PC
Families First, Inc.
The Arab-American Family Support
Atlantic Avenue Local Development Corporation
Core Services Group, Inc.
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, and received an average PPP loan of $145,761, 96% lower than this company's loan of $3.41M.
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Footnotes & Information
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