PPP Loan Data — Park Gardens Rehabilitation And Nursing Center, Bronx, NY
Park Gardens Rehabilitation And Nursing Center
Entity: Limited Liability Company (LLC)
Location: Bronx, NYTweet This • Search All PPP Data
Park Gardens Rehabilitation And Nursing Center is a limited liability company (LLC) located at 6585 Broadway in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $1,508,380.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Park Gardens Rehabilitation And Nursing Center in Bronx, NY received a Paycheck Protection Loan of $1.51M through Cross River Bank, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Park Gardens Rehabilitation And Nursing Center's 2019 payroll expenses are estimated to be at least $7.24M.
Based on their reported 174 jobs retained, this equals an estimated average yearly compensation of $41,610 per employee1
Reported PPP Proceed Usage:
On the PPP application, Park Gardens Rehabilitation And Nursing Center reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,508,380
Business Information - Park Gardens Rehabilitation And Nursing Center in Bronx, NY
Bronx, NY 10471
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bronx
In the Bronx area, 12 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 146 employees (compared to this company's 174) and received an average PPP loan of $1,459,685 (compared to this company's $1.51M).
Similar Nearby Businesses Who Received PPP Funding:
Innova Atlantic Wh Operations LLC
Methodist Church Home For The Aged In The City Of New York
S&J Operational LLC
L&A Operational LLC
Innova Gloucester Deptford Bridge Operations LLC
Bannister Operations Associates LLC
Northern Metropolitan Inc
Oak Hill Operations Associates LLC
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 60 employees, 66% lower than Park Gardens Rehabilitation And Nursing Center's reported 174 employees, and received an average PPP loan of $442,944, 71% lower than this company's loan of $1.51M.
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Footnotes & Information
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