PPP Loan Data — Rochester Friendly Home, Rochester, NY
Rochester Friendly Home
Entity: Non-profit Organization
Location: Rochester, NYTweet This • Search All PPP Data
Rochester Friendly Home is a non-profit organization located at 3156 East Avenue in Rochester, New York that received a Coronavirus-related PPP loan from the SBA of $2,132,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Five Star Bank
Rochester Friendly Home in Rochester, NY received a Paycheck Protection Loan of $2.13M through Five Star Bank, 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, Rochester Friendly Home's 2019 payroll expenses are estimated to be at least $10.24M.
Based on their reported 386 jobs retained, this equals an estimated average yearly compensation of $26,518 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rochester Friendly Home reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,132,500
Business Information - Rochester Friendly Home in Rochester, NY
3156 East Avenue
Rochester, NY 14618
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Rochester
In the Rochester area, 4 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 386) and received an average PPP loan of $611,363 (compared to this company's $2.13M).
Similar Nearby Businesses Who Received PPP Funding:
Daystar For Medically Fragile Children
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B 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 60 employees, 84% lower than Rochester Friendly Home's reported 386 employees, and received an average PPP loan of $442,944, 79% lower than this company's loan of $2.13M.
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Footnotes & Information
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