PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Mariners Residence Inc, Staten Island, NY

ALERT: There are 2 PPP loans for a total of $597,715 in our database for businesses with the name "Mariners Residence Inc" in Staten Island, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Mariners Residence Inc
NY

Mariners Residence Inc

Entity: Corporation

Industry: Assisted Living Facilities for the Elderly

Location: Staten Island, NY

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Mariners Residence Inc is a corporation located at 2099 Forest Ave in Staten Island, New York that received a Coronavirus-related PPP loan from the SBA of $307,930.00 in February, 2021.

$ PPP Loan Information
Loan #9212648400

Loan Size:

$307,930

Jobs Retained:

45

Loan Approved:

2021-02-16

Loan Status:

Ongoing Loan

Lender:

Liberty SBF Holdings LLC

Mariners Residence Inc in Staten Island, NY received a Paycheck Protection Loan of $307,930 through Liberty SBF Holdings LLC, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Mariners Residence Inc's 2019 payroll expenses are estimated to be at least $1.48M.

Based on their reported 45 jobs retained, this equals an estimated average yearly compensation of $32,846 per employee1

Reported PPP Proceed Usage:

On the PPP application, Mariners Residence Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $307,930

Business Information - Mariners Residence Inc in Staten Island, NY

Mariners Residence Inc
2099 Forest Ave
Staten Island, NY 10303

Business Industry:
Assisted Living Facilities for the Elderly
NAICS code 623312

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Richmond County, NY — SBA Office 0202 — Congressional District: NY-11

Industry PPP Comparison Statistics

Nationwide, 10,259 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1.84B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 30 employees, 33% lower than Mariners Residence Inc's reported 45 employees, and received an average PPP loan of $179,299, 42% lower than this company's loan of $307,930.

SBA PPP loan data, payroll data, and salaries for Mariners Residence, Inc
NY

Mariners Residence, Inc

Entity: Corporation

Industry: Continuing Care Retirement Communities

Location: Staten Island, NY

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Mariners Residence, Inc is a corporation located at 2099 Forest Ave in Staten Island, New York that received a Coronavirus-related PPP loan from the SBA of $289,785.00 in April, 2020.

$ PPP Loan Information
Loan #6623587302

Loan Size:

$289,785

Jobs Retained:

43

Loan Approved:

2020-04-30

Loan Status:

Ongoing Loan

Lender:

Celtic Bank Corporation

Mariners Residence, Inc in Staten Island, NY received a Paycheck Protection Loan of $289,785 through Celtic Bank Corporation, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Mariners Residence, Inc's 2019 payroll expenses are estimated to be at least $1.39M.

Based on their reported 43 jobs retained, this equals an estimated average yearly compensation of $32,348 per employee1

Reported PPP Proceed Usage:

On the PPP application, Mariners Residence, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $289,785

Business Information - Mariners Residence, Inc in Staten Island, NY

Mariners Residence, Inc
2099 Forest Ave
Staten Island, NY 10303

Business Industry:
Continuing Care Retirement Communities
NAICS code 623311

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Richmond County, NY — SBA Office 0202 — 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 249 employees (compared to this company's 43) and received an average PPP loan of $2,239,311 (compared to this company's $289,785).

Industry PPP Comparison Statistics

Nationwide, 2,718 businesses in the "Continuing Care Retirement Communities" industry received a total of $1.53B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 77 employees, 79% higher than Mariners Residence, Inc's reported 43 employees, and received an average PPP loan of $561,944, 94% higher than this company's loan of $289,785.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/mariners-residence-inc-staten-island-ny