PPP Loan Data — Seniorcare Emergency Medical Services Inc, Bronx, NY
Seniorcare Emergency Medical Services Inc is a sole proprietorship located at 700 Havemeyer Ave in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $7,317,410.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Seniorcare Emergency Medical Services Inc in Bronx, NY received a Paycheck Protection Loan of $7.32M through Popular Bank, which was approved in May, 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, Seniorcare Emergency Medical Services Inc's 2019 payroll expenses are estimated to be at least $35.12M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $70,247 per employee1
Reported PPP Proceed Usage:
On the PPP application, Seniorcare Emergency Medical Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $7,317,410
Business Information - Seniorcare Emergency Medical Services Inc in Bronx, NY
700 Havemeyer Ave
Bronx, NY 10473
NAICS code 621910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Seniorcare Emergency Medical Services Inc.
Seniorride Transportation LLC
Similar Companies near Bronx
In the Bronx area, 2 businesses in the "Ambulance Services" industry received a PPP loan. These local businesses reported an average of 315 employees (compared to this company's 500) and received an average PPP loan of $4,269,045 (compared to this company's $7.32M).
Similar Nearby Businesses Who Received PPP Funding:
Seniorride Transportation LLC
Industry PPP Comparison Statistics
Nationwide, 3,318 businesses in the "Ambulance Services" industry received a total of $858.72M 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, 93% lower than Seniorcare Emergency Medical Services Inc's reported 500 employees, and received an average PPP loan of $258,807, 96% lower than this company's loan of $7.32M.
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. Estimations for informational purposes only. 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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