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

PPP Loan Data — Meadowbrook Care Center, Inc, Freeport, NY

SBA PPP loan data, payroll data, and salaries for Meadowbrook Care Center, Inc
NY

Meadowbrook Care Center, Inc

Entity: Subchapter S Corporation

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Freeport, NY

Search All PPP Data

Meadowbrook Care Center, Inc is a subchapter s corporation located at 320 Merric Rd in Freeport, New York that received a Coronavirus-related PPP loan from the SBA of $3,253,290.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.25M

Jobs Retained:

299

Loan Approved:

2020-04-27

Lender:

POPULAR BANK

Meadowbrook Care Center, Inc received a Paycheck Protection Loan of $3.25M through POPULAR BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Meadowbrook Care Center, Inc's total 2019 payroll expenses were approximately $15.62M in order to qualify for the PPP loan amount received.

Based on their reported 299 jobs retained, this equals an estimated average yearly compensation of $52,227 per employee1.

Because the loan received by Meadowbrook Care Center, Inc 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 - Meadowbrook Care Center, Inc in Freeport, NY

Meadowbrook Care Center, Inc
320 Merric Rd
Freeport, NY 11520

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-04

Similar Companies near Freeport

In the Freeport area, 2 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 224 employees (compared to this company's 299) and received an average PPP loan of $2,286,331 (compared to this company's $3.25M).

Similar Nearby Businesses Who Received PPP Funding:

South Shore Rehabilitation LLC
Freeport, NY

$1.32M 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, 78% lower than Meadowbrook Care Center, Inc's reported 299 employees, and received an average PPP loan of $557,944, 83% lower than this company's loan of $3.25M.

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/meadowbrook-care-center-inc-freeport-ny