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PPP Loan Data — Katherine Luther Residential Health Care & Rehabilitation Ce, Clinton, NY

SBA PPP loan data, payroll data, and salaries for Katherine Luther Residential Health Care & Rehabilitation Ce
NY Nonprofit Organization

Katherine Luther Residential Health Care & Rehabilitation Ce

Entity: Non-profit Organization

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Clinton, NY

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Katherine Luther Residential Health Care & Rehabilitation Ce is a non-profit organization located at 110 Utica Rd in Clinton, New York that received a Coronavirus-related PPP loan from the SBA of $2,543,142.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.54M

Jobs Retained:

310

Loan Approved:

2020-04-28

Lender:

ADIRONDACK BANK

Katherine Luther Residential Health Care & Rehabilitation Ce in Clinton, NY received a Paycheck Protection Loan of $2.54M through ADIRONDACK BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Katherine Luther Residential Health Care & Rehabilitation Ce's total 2019 payroll expenses were approximately $12.21M in order to qualify for the PPP loan amount received.

Based on their reported 310 jobs retained, this equals an estimated average yearly compensation of $39,378 per employee1.

Because the loan received by Katherine Luther Residential Health Care & Rehabilitation Ce is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Katherine Luther Residential Health Care & Rehabilitation Ce in Clinton, NY

Katherine Luther Residential Health Care & Rehabilitation Ce
110 Utica Rd
Clinton, NY 13323

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-22

Similar Companies near Clinton

In the Clinton area, 2 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 192 employees (compared to this company's 310) and received an average PPP loan of $1,448,427 (compared to this company's $2.54M).

Similar Nearby Businesses Who Received PPP Funding:

The Lutheran Home Of Central New York, Inc.
Clinton, NY

$353,712 PPP Loan

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, 79% lower than Katherine Luther Residential Health Care & Rehabilitation Ce's reported 310 employees, and received an average PPP loan of $557,944, 78% lower than this company's loan of $2.54M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/katherine-luther-residential-health-care-and-rehabilitation-ce-clinton-ny