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PPP Loan Data — Sinai Center For Rehabilitation And Heal,
Lakewood, NJ
Sinai Center For Rehabilitation And Heal
Entity: Limited Liability Company (LLC)
Industry: Offices of All Other Miscellaneous Health Practitioners
Location: Lakewood, NJ
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Sinai Center For Rehabilitation And Heal is a limited liability company (LLC) located at 211 Boulevard Of The Americas in Lakewood, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,868,800.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
443Loan Approved:
2020-04-28Lender:
WEBSTER BANK, NATIONAL ASSOCIATIONSinai Center For Rehabilitation And Heal received a Paycheck Protection Loan of $2.87M through WEBSTER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sinai Center For Rehabilitation And Heal's total 2019 payroll expenses were approximately $13.77M in order to qualify for the PPP loan amount received.
Based on their reported 443 jobs retained, this equals an estimated average yearly compensation of $31,084 per employee1.
Business Information - Sinai Center For Rehabilitation And Heal in Lakewood, NJ
211 Boulevard Of The Americas
Lakewood, NJ 8701
Business Industry
Offices of All Other Miscellaneous Health Practitioners (NAICS code 621399)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-04Similar Companies near Lakewood
In the Lakewood area, 13 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 443) and received an average PPP loan of $309,133 (compared to this company's $2.87M).
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Industry PPP Comparison Statistics
Nationwide, 30,902 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $1,607,882,026.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 99% lower than Sinai Center For Rehabilitation And Heal's reported 443 employees, and received an average PPP loan of $52,032, 98% lower than this company's loan of $2.87M.
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.
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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