PPP Loan Data — Parkland Ambulance Service Inc, Schenectady, NY
Parkland Ambulance Service Inc is a subchapter s corporation located at 357 Kings Road in Schenectady, New York that received a Coronavirus-related PPP loan from the SBA of $2,236,442.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
Parkland Ambulance Service Inc in Schenectady, NY received a Paycheck Protection Loan of $2.24M through Manufacturers and Traders Trust Company, which was approved in April, 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, Parkland Ambulance Service Inc's 2019 payroll expenses are estimated to be at least $10.73M.
Based on their reported 265 jobs retained, this equals an estimated average yearly compensation of $40,509 per employee1
Reported PPP Proceed Usage:
On the PPP application, Parkland Ambulance Service Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,236,442
Business Information - Parkland Ambulance Service Inc in Schenectady, NY
357 Kings Road
Schenectady, NY 12304
NAICS code 621910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Schenectady
In the Schenectady area, 2 businesses in the "Ambulance Services" industry received a PPP loan. These local businesses reported an average of 156 employees (compared to this company's 265) and received an average PPP loan of $1,210,391 (compared to this company's $2.24M).
Similar Nearby Businesses Who Received PPP Funding:
Rotterdam Emergency Medical Services Inc
Industry PPP Comparison Statistics
Nationwide, 3,341 businesses in the "Ambulance Services" industry received a total of $860.13M 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 36 employees, 86% lower than Parkland Ambulance Service Inc's reported 265 employees, and received an average PPP loan of $257,448, 88% lower than this company's loan of $2.24M.
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Footnotes & Information
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