PPP Loan Data — Newark Community Health Centers Inc, Newark, NJ
Newark Community Health Centers Inc is a corporation located at 741 Broadway in Newark, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,541,895.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Newark Community Health Centers Inc in Newark, NJ received a Paycheck Protection Loan of $2.54M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Newark Community Health Centers Inc's total 2019 payroll expenses were approximately $12.2M in order to qualify for the PPP loan amount received.
Based on their reported 282 jobs retained, this equals an estimated average yearly compensation of $43,266 per employee1.
Business Information - Newark Community Health Centers Inc in Newark, NJ
Newark, NJ 07104
All Other Business Support Services (NAICS code 561499)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-08
Similar Companies near Newark
In the Newark area, 4 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 282) and received an average PPP loan of $674,811 (compared to this company's $2.54M).
Similar Nearby Businesses Who Received PPP Funding:
Epic Research & Development
Secio Group Corp
Echelon Enterprises Inc
Industry PPP Comparison Statistics
Nationwide, 28,906 businesses in the "All Other Business Support Services" industry received a total of $1,963,852,672.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than Newark Community Health Centers Inc's reported 282 employees, and received an average PPP loan of $67,939, 97% lower than this company's loan of $2.54M.
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Footnotes & Information
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