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PPP Loan Data — St Camillus Residential Health Care Facility, Syracuse, NY

SBA PPP loan data, payroll data, and salaries for St Camillus Residential Health Care Facility
NY

St Camillus Residential Health Care Facility

Entity: Professional Association

Industry: Services for the Elderly and Persons with Disabilities

Location: Syracuse, NY

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St Camillus Residential Health Care Facility is a professional association located at 813 Fay Rd in Syracuse, New York that received a Coronavirus-related PPP loan from the SBA of $4,342,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.34M

Jobs Retained:

490

Loan Approved:

2020-04-09

Lender:

NBT BANK, NATIONAL ASSOCIATION

St Camillus Residential Health Care Facility in Syracuse, NY received a Paycheck Protection Loan of $4.34M through NBT BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, St Camillus Residential Health Care Facility's total 2019 payroll expenses were approximately $20.84M in order to qualify for the PPP loan amount received.

Based on their reported 490 jobs retained, this equals an estimated average yearly compensation of $42,541 per employee1.

Because the loan received by St Camillus Residential Health Care Facility 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 - St Camillus Residential Health Care Facility in Syracuse, NY

St Camillus Residential Health Care Facility
813 Fay Rd
Syracuse, NY 13219

Business Industry

Services for the Elderly and Persons with Disabilities (NAICS code 624120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-24

Industry PPP Comparison Statistics

Nationwide, 7,046 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $1,535,554,395.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 32 employees, 93% lower than St Camillus Residential Health Care Facility's reported 490 employees, and received an average PPP loan of $217,933, 95% lower than this company's loan of $4.34M.

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, 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/st-camillus-residential-health-care-facility-syracuse-ny