PPP Loan Data — Rahway Healthcare, LLC, Brooklyn, NY
Rahway Healthcare, LLC
Entity: Limited Liability Company (LLC)
Location: Brooklyn, NYTweet This • Search All PPP Data
Rahway Healthcare, LLC is a limited liability company (LLC) located at 1727 East 26th Street in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $148,456.00 in April, 2020.
$ PPP Loan Information
Lender:REPUBLIC FIRST BANK D/B/A REPUBLIC BANK
Rahway Healthcare, LLC received a Paycheck Protection Loan of $148,456 through REPUBLIC FIRST BANK D/B/A REPUBLIC BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rahway Healthcare, LLC's total 2019 payroll expenses were approximately $712,589 in order to qualify for the PPP loan amount received.
Based on their reported 88 jobs retained, this equals an estimated average yearly compensation of $8,098 per employee1.
Business Information - Rahway Healthcare, LLC in Brooklyn, NY
1727 East 26th Street
Brooklyn, NY 11229
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-09
Similar Companies near Brooklyn
In the Brooklyn area, 5 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 162 employees (compared to this company's 88) and received an average PPP loan of $959,234 (compared to this company's $148,456).
Similar Nearby Businesses Who Received PPP Funding:
Hamilton Park Multicare LLC
Alpha Rehabilitation Service LLC
South Center Street Nursing, LLC
Allcare Homecare Agency Inc DBA Vivid Care
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, 25% lower than Rahway Healthcare, LLC's reported 88 employees, and received an average PPP loan of $557,944, 276% higher than this company's loan of $148,456.
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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