PPP Loan Data — SID Jacobson Jewish Community Ctr, Greenvale, NY
SID Jacobson Jewish Community Ctr is a non-profit organization located at 300 Forest Dr in Greenvale, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:People's United Bank, National Association
SID Jacobson Jewish Community Ctr in Greenvale, NY received a Paycheck Protection Loan of $2M through People's United Bank, National Association, which was approved in January, 2021.
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, SID Jacobson Jewish Community Ctr's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 207 jobs retained, this equals an estimated average yearly compensation of $46,377 per employee1
Reported PPP Proceed Usage:
On the PPP application, SID Jacobson Jewish Community Ctr reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,994
- Utilities: $1
Business Information - SID Jacobson Jewish Community Ctr in Greenvale, NY
300 Forest Dr
Greenvale, NY 11548
Child and Youth Services
NAICS code 624110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Greenvale
In the Greenvale area, 2 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 344 employees (compared to this company's 207) and received an average PPP loan of $1,196,350 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Oasis Children's Services, LLC
Industry PPP Comparison Statistics
Nationwide, 14,718 businesses in the "Child and Youth Services" industry received a total of $1.94B 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 18 employees, 91% lower than SID Jacobson Jewish Community Ctr's reported 207 employees, and received an average PPP loan of $132,042, 93% lower than this company's loan of $2M.
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Footnotes & Information
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