PPP Loan Data — Jewish Home At Rockleigh, Inc., Northvale, NJ
Jewish Home At Rockleigh, Inc. is a corporation located at 10 Link Drive in Northvale, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,425,129.00 in April, 2020.
$ PPP Loan Information
Lender:VALLEY NATIONAL BANK
Jewish Home At Rockleigh, Inc. received a Paycheck Protection Loan of $3.43M through VALLEY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jewish Home At Rockleigh, Inc.'s total 2019 payroll expenses were approximately $16.44M in order to qualify for the PPP loan amount received.
Based on their reported 282 jobs retained, this equals an estimated average yearly compensation of $58,300 per employee1.
Business Information - Jewish Home At Rockleigh, Inc. in Northvale, NJ
10 Link Drive
Northvale, NJ 7647
Continuing Care Retirement Communities (NAICS code 623311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-05
Similar Companies near Northvale
In the Northvale area, 5 businesses in the "Continuing Care Retirement Communities" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 282) and received an average PPP loan of $892,901 (compared to this company's $3.43M).
Similar Nearby Businesses Who Received PPP Funding:
Pleasantville Of Sebastian, LLC
Jewish Home Family, Inc.
Jewish Home Foundation Of North Jersey, Inc.
Jewish Home At Home, Inc.
Industry PPP Comparison Statistics
Nationwide, 2,172 businesses in the "Continuing Care Retirement Communities" industry received a total of $1,251,764,538.00 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 69 employees, 76% lower than Jewish Home At Rockleigh, Inc.'s reported 282 employees, and received an average PPP loan of $576,319, 83% lower than this company's loan of $3.43M.
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.
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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