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

PPP Loan Data — North Bergen Health Care LLC, North Bergen, NJ

SBA PPP loan data, payroll data, and salaries for North Bergen Health Care LLC
NJ

North Bergen Health Care LLC

Entity: Limited Liability Company (LLC)

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: North Bergen, NJ

Search All PPP Data

North Bergen Health Care LLC is a limited liability company (LLC) located at 9020 Wall St in North Bergen, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,612,337.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.61M

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-19

Lender:

CROSS RIVER BANK

North Bergen Health Care LLC in North Bergen, NJ received a Paycheck Protection Loan of $2.61M through CROSS RIVER BANK, which was approved in May, 2020.

Based on standard PPP eligibility rules, North Bergen Health Care LLC's total 2019 payroll expenses were approximately $12.54M in order to qualify for the PPP loan amount received.

Unlike most businesses, North Bergen Health Care LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by North Bergen Health Care 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 - North Bergen Health Care LLC in North Bergen, NJ

North Bergen Health Care LLC
9020 Wall St
North Bergen, NJ 7047

Business Industry

Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-08

Similar Companies near North Bergen

In the North Bergen area, 3 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 0) and received an average PPP loan of $1,277,061 (compared to this company's $2.61M).

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, and received an average PPP loan of $557,944, 79% lower than this company's loan of $2.61M.

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/north-bergen-health-care-llc-north-bergen-nj