FederalPay.org
PPP Loan Data — Mercy Drive Inc,
Kew Gardens, NY
Mercy Drive Inc
Entity: Partnership
Industry: Services for the Elderly and Persons with Disabilities
Location: Kew Gardens, NY
Tweet This
•
Search All PPP Data
Mercy Drive Inc is a partnership located at 120-34 Queens Blvd in Kew Gardens, New York that received a Coronavirus-related PPP loan from the SBA of $4,906,097.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
408Loan Approved:
2020-04-15Lender:
TD BANK, NATIONAL ASSOCIATIONMercy Drive Inc in Kew Gardens, NY received a Paycheck Protection Loan of $4.91M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mercy Drive Inc's total 2019 payroll expenses were approximately $23.55M in order to qualify for the PPP loan amount received.
Based on their reported 408 jobs retained, this equals an estimated average yearly compensation of $57,719 per employee1.
Business Information - Mercy Drive Inc in Kew Gardens, NY
120-34 Queens Blvd
Kew Gardens, NY 11415
Business Industry
Services for the Elderly and Persons with Disabilities (NAICS code 624120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-06Similar Companies near Kew Gardens
In the Kew Gardens area, 5 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a PPP loan. These local businesses reported an average of 94 employees (compared to this company's 408) and received an average PPP loan of $1,249,291 (compared to this company's $4.91M).
Similar Nearby Businesses Who Received PPP Funding:
New York Families For Autistic Children
Howard Beach, NY
United Spinal Association, Inc DBA Vetsfirst
Kew Gardens, NY
Yaakov Goldstone
Kew Gardens, NY
Serenity Adult Daycare Inc
Kew Gardens, NY
Industry PPP Comparison Statistics
Nationwide, 7,046 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $1,535,554,395.00 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 32 employees, 92% lower than Mercy Drive Inc's reported 408 employees, and received an average PPP loan of $217,933, 96% lower than this company's loan of $4.91M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!