PPP Loan Data — LTC Consulting Services LLC, Lakewood, NJ
LTC Consulting Services LLC
Entity: Limited Liability Company (LLC)
Location: Lakewood, NJTweet This • Search All PPP Data
LTC Consulting Services LLC is a limited liability company (LLC) located at 100 Boulevard Of The Americas in Lakewood, New Jersey that received a Coronavirus-related PPP loan from the SBA of $5,026,788.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 458 people during the applicable loan loan period.
$ PPP Loan Information
LTC Consulting Services LLC in Lakewood, NJ received a Paycheck Protection Loan of $5.03M through CONGRESSIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, LTC Consulting Services LLC's total 2019 payroll expenses were approximately $24.13M in order to qualify for the PPP loan amount received.
Based on their reported 458 jobs retained, this equals an estimated average yearly compensation of $52,682 per employee1.
Business Information - LTC Consulting Services LLC in Lakewood, NJ
100 Boulevard Of The Americas
Lakewood, NJ 8701
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NJ-04
Similar Companies near Lakewood
In the Lakewood area, 32 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 107 employees (compared to this company's 458) and received an average PPP loan of $1,087,793 (compared to this company's $5.03M).
Similar Nearby Businesses Who Received PPP Funding:
Leisure Chateau Associates LLC
BSD Care At AJ LLC
CCH Healthcare Limited Liability Company
Morris View Management Co LLC
Symcha Realty Co, LLC
Goldenview Living LLC
Cooper Care LLC
Alliance NJ Care LLC
Imperial Healthcare Services LLC
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, 86% lower than LTC Consulting Services LLC's reported 458 employees, and received an average PPP loan of $557,944, 89% lower than this company's loan of $5.03M.
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.
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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