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PPP Loan Data — Lincoln Hall, Lincolndale, NY

SBA PPP loan data, payroll data, and salaries for Lincoln Hall
NY Nonprofit Organization

Lincoln Hall

Entity: Non-profit Organization

Industry: Other Residential Care Facilities

Location: Lincolndale, NY

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Lincoln Hall is a non-profit organization located at 145 Route 202 in Lincolndale, New York that received a Coronavirus-related PPP loan from the SBA of $3,186,895.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.19M

Jobs Retained:

307

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Lincoln Hall in Lincolndale, NY received a Paycheck Protection Loan of $3.19M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Lincoln Hall's total 2019 payroll expenses were approximately $15.3M in order to qualify for the PPP loan amount received.

Based on their reported 307 jobs retained, this equals an estimated average yearly compensation of $49,828 per employee1.

Because the loan received by Lincoln Hall 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 - Lincoln Hall in Lincolndale, NY

Lincoln Hall
145 Route 202
Lincolndale, NY 10540

Business Industry

Other Residential Care Facilities (NAICS code 623990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-17

Similar Companies near Lincolndale

In the Lincolndale area, 2 businesses in the "Other Residential Care Facilities" industry received a PPP loan. These local businesses reported an average of 167 employees (compared to this company's 307) and received an average PPP loan of $1,660,977 (compared to this company's $3.19M).

Similar Nearby Businesses Who Received PPP Funding:

Marian Woods, Inc.
Mahopac, NY

$135,059 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,694 businesses in the "Other Residential Care Facilities" industry received a total of $666,350,372.00 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 29 employees, 91% lower than Lincoln Hall's reported 307 employees, and received an average PPP loan of $247,346, 92% lower than this company's loan of $3.19M.

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/lincoln-hall-lincolndale-ny