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PPP Loan Data — Park House Care Center LLC,
Far Rockaway, NY
Park House Care Center LLC
Entity: Limited Liability Company (LLC)
Industry: Nursing Care Facilities (Skilled Nursing Facilities)
Location: Far Rockaway, NY
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Park House Care Center LLC is a limited liability company (LLC) located at 128 Beach 115th St in Far Rockaway, New York that received a Coronavirus-related PPP loan from the SBA of $1,284,030.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
117Loan Approved:
2020-05-14Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONPark House Care Center LLC received a Paycheck Protection Loan of $1.28M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Park House Care Center LLC's total 2019 payroll expenses were approximately $6.16M in order to qualify for the PPP loan amount received.
Based on their reported 117 jobs retained, this equals an estimated average yearly compensation of $52,678 per employee1.
Business Information - Park House Care Center LLC in Far Rockaway, NY
128 Beach 115th St
Far Rockaway, NY 11691
Business Industry
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: NON-VETERAN
Congressional District: NY-05Similar Companies near Far Rockaway
In the Far Rockaway area, 17 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 117) and received an average PPP loan of $1,513,635 (compared to this company's $1.28M).
Similar Nearby Businesses Who Received PPP Funding:
Brookhaven Rehab Healthcare Center
Far Rockaway, NY
Long Island Living Center LLC
Far Rockaway, NY
Resort Nursing Home
Arverne, NY
Ocean Gardens Nursing Facility Inc
Arverne, NY
Bezalel Nursing Home Company
Far Rockaway, NY
Oceanview Nursing & Rehabilitation Center LLC
Far Rockaway, NY
West Lawrence Realty LLC
Far Rockaway, NY
Central Assisted Living, LLC
Far Rockaway, NY
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, 44% lower than Park House Care Center LLC's reported 117 employees, and received an average PPP loan of $557,944, 57% lower than this company's loan of $1.28M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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.
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