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PPP Loan Data — Preferred Behavioral Health Of New Jersey Inc.,
Lakewood, NJ
Preferred Behavioral Health Of New Jersey Inc.
Entity: Non-profit Organization
Industry: Outpatient Mental Health and Substance Abuse Centers
Location: Lakewood, NJ
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Preferred Behavioral Health Of New Jersey Inc. is a non-profit organization located at 700 Airport Rd in Lakewood, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,618,575.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
470Loan Approved:
2020-04-12Lender:
TD BANK, NATIONAL ASSOCIATIONPreferred Behavioral Health Of New Jersey Inc. received a Paycheck Protection Loan of $3.62M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Preferred Behavioral Health Of New Jersey Inc.'s total 2019 payroll expenses were approximately $17.37M in order to qualify for the PPP loan amount received.
Based on their reported 470 jobs retained, this equals an estimated average yearly compensation of $36,956 per employee1.
Business Information - Preferred Behavioral Health Of New Jersey Inc. in Lakewood, NJ
700 Airport Rd
Lakewood, NJ 8701
Business Industry
Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-04Similar Companies near Lakewood
In the Lakewood area, 16 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 470) and received an average PPP loan of $412,707 (compared to this company's $3.62M).
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Industry PPP Comparison Statistics
Nationwide, 5,494 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,342,170,180.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 24 employees, 95% lower than Preferred Behavioral Health Of New Jersey Inc.'s reported 470 employees, and received an average PPP loan of $244,297, 93% lower than this company's loan of $3.62M.
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.
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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