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PPP Loan Data — St Marks Brooklyn Assoc LLC,
Brooklyn, NY
St Marks Brooklyn Assoc LLC
Entity: Limited Liability Company (LLC)
Industry: Nursing Care Facilities (Skilled Nursing Facilities)
Location: Brooklyn, NY
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St Marks Brooklyn Assoc LLC is a limited liability company (LLC) located at 810 St Marks Ave in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,732,050.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
313Loan Approved:
2020-05-02Lender:
VALLEY NATIONAL BANKSt Marks Brooklyn Assoc LLC received a Paycheck Protection Loan of $2.73M through VALLEY NATIONAL BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, St Marks Brooklyn Assoc LLC's total 2019 payroll expenses were approximately $13.11M in order to qualify for the PPP loan amount received.
Based on their reported 313 jobs retained, this equals an estimated average yearly compensation of $41,897 per employee1.
Business Information - St Marks Brooklyn Assoc LLC in Brooklyn, NY
810 St Marks Ave
Brooklyn, NY 11213
Business Industry
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-09Similar Companies near Brooklyn
In the Brooklyn area, 7 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 139 employees (compared to this company's 313) and received an average PPP loan of $1,224,466 (compared to this company's $2.73M).
Similar Nearby Businesses Who Received PPP Funding:
Love And Joy Senior Day Care, Inc
Brooklyn, NY
A Plus Adult Day Care Inc
Brooklyn, NY
Haym Salomon Home For The Aged LLC
Brooklyn, NY
Sgrnc LLC
Brooklyn, NY
Enriched Adult Day Care Services, Inc.
Brooklyn, NY
Enriched Home Care Agency, Inc.
Brooklyn, NY
Industry PPP Comparison Statistics
Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 66 employees, 79% lower than St Marks Brooklyn Assoc LLC's reported 313 employees, and received an average PPP loan of $557,944, 80% lower than this company's loan of $2.73M.
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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