PPP Loan Data — Jericho Road Ministries, Inc., Buffalo, NY
Jericho Road Ministries, Inc.
Entity: Non-profit Organization
Location: Buffalo, NYTweet This • Search All PPP Data
Jericho Road Ministries, Inc. is a non-profit organization located at 184 Barton Street in Buffalo, New York that received a Coronavirus-related PPP loan from the SBA of $2,770,237.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Jericho Road Ministries, Inc. received a Paycheck Protection Loan of $2.77M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jericho Road Ministries, Inc.'s total 2019 payroll expenses were approximately $13.3M in order to qualify for the PPP loan amount received.
Based on their reported 334 jobs retained, this equals an estimated average yearly compensation of $39,812 per employee1.
Business Information - Jericho Road Ministries, Inc. in Buffalo, NY
184 Barton Street
Buffalo, NY 14213
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-26
Similar Companies near Buffalo
In the Buffalo area, 10 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 334) and received an average PPP loan of $486,780 (compared to this company's $2.77M).
Similar Nearby Businesses Who Received PPP Funding:
Buffalo Neonatology Associates, PC
Academic Buffalonias In Physical Medicine And Rehabilitation
Buffalo Plastic Surgery
Rapha Family Medicine PC
Katharine Morrison MD PLLC
Robin Miller, MD
Community Health Center Of Buffalo, Inc.
Main Buffalo Pediatrics, LLP
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 97% lower than Jericho Road Ministries, Inc.'s reported 334 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.77M.
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