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PPP Loan Data — Margret Ultra Home Care, Staten Island, NY

SBA PPP loan data, payroll data, and salaries for Margret Ultra Home Care
NY

Margret Ultra Home Care

Entity: Subchapter S Corporation

Industry: Continuing Care Retirement Communities

Location: Staten Island, NY

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Margret Ultra Home Care is a subchapter s corporation located at 34 Beach Street in Staten Island, New York that received a Coronavirus-related PPP loan from the SBA of $1,187,048.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$1.19M

Jobs Retained:

256

Loan Approved:

2020-04-28

Lender:

CITIBANK, N.A.

Margret Ultra Home Care received a Paycheck Protection Loan of $1.19M through CITIBANK, N.A., which was approved in April, 2020.

Based on standard PPP eligibility rules, Margret Ultra Home Care's total 2019 payroll expenses were approximately $5.7M in order to qualify for the PPP loan amount received.

Based on their reported 256 jobs retained, this equals an estimated average yearly compensation of $22,257 per employee1.

Business Information - Margret Ultra Home Care in Staten Island, NY

Margret Ultra Home Care
34 Beach Street
Staten Island, NY 10304

Business Industry

Continuing Care Retirement Communities (NAICS code 623311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-11

Similar Companies near Staten Island

In the Staten Island area, 3 businesses in the "Continuing Care Retirement Communities" industry received a PPP loan. These local businesses reported an average of 100 employees (compared to this company's 256) and received an average PPP loan of $2,239,311 (compared to this company's $1.19M).

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, 73% lower than Margret Ultra Home Care's reported 256 employees, and received an average PPP loan of $576,319, 51% lower than this company's loan of $1.19M.

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, 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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/margret-ultra-home-care-staten-island-ny