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PPP Loan Data — Regency Health Care Inc., Brooklyn, NY

SBA PPP loan data, payroll data, and salaries for Regency Health Care Inc.
NY

Regency Health Care Inc.

Entity: Corporation

Industry: Unknown

Location: Brooklyn, NY

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Regency Health Care Inc. is a corporation located at 728 5th Ave # 728 in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $3,940,000.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.94M

Jobs Retained:

480

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Regency Health Care Inc. received a Paycheck Protection Loan of $3.94M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Regency Health Care Inc.'s total 2019 payroll expenses were approximately $18.91M in order to qualify for the PPP loan amount received.

Based on their reported 480 jobs retained, this equals an estimated average yearly compensation of $39,400 per employee1.

Because the loan received by Regency Health Care Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Regency Health Care Inc. in Brooklyn, NY

Regency Health Care Inc.
728 5th Ave # 728
Brooklyn, NY 11232

Business Industry

Unknown (NAICS code 0)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-07

Similar Companies near Brooklyn

In the Brooklyn area, 2,669 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 480) and received an average PPP loan of $123,125 (compared to this company's $3.94M).

Industry PPP Comparison Statistics

Nationwide, 5,156,850 businesses in the "Unknown" industry received a total of $522,949,858,572.00 in PPP loans. These businesses account for 100% of total PPP applications submitted, and received 100% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 98% lower than Regency Health Care Inc.'s reported 480 employees, and received an average PPP loan of $101,409, 97% lower than this company's loan of $3.94M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/regency-health-care-inc-brooklyn-ny