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

PPP Loan Data — Nizhoni Health Systems, LLC, Somerville, MA

SBA PPP loan data, payroll data, and salaries for Nizhoni Health Systems, LLC
MA

Nizhoni Health Systems, LLC

Entity: Limited Liability Company (LLC)

Industry: Home Health Care Services

Location: Somerville, MA

Search All PPP Data

Nizhoni Health Systems, LLC is a limited liability company (LLC) located at 5 Middlesex Ave, Suite 404 in Somerville, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $9,407,280.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$9.41M

Jobs Retained:

500

Loan Approved:

2020-04-30

Lender:

MIDDLESEX SAVINGS BANK

Nizhoni Health Systems, LLC in Somerville, MA received a Paycheck Protection Loan of $9.41M through MIDDLESEX SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Nizhoni Health Systems, LLC's total 2019 payroll expenses were approximately $45.15M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $90,310 per employee1.

Because the loan received by Nizhoni Health Systems, LLC 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 - Nizhoni Health Systems, LLC in Somerville, MA

Nizhoni Health Systems, LLC
5 Middlesex Ave, Suite 404
Somerville, MA 2145

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MA-07

Similar Companies near Somerville

In the Somerville area, 2 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 317 employees (compared to this company's 500) and received an average PPP loan of $5,170,140 (compared to this company's $9.41M).

Similar Nearby Businesses Who Received PPP Funding:

Manged Health Resources
Somerville, MA

$933,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 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 34 employees, 93% lower than Nizhoni Health Systems, LLC's reported 500 employees, and received an average PPP loan of $212,236, 98% lower than this company's loan of $9.41M.

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.

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/nizhoni-health-systems-llc-somerville-ma