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PPP Loan Data — St. Patrick's Home For The Aged And Infirm, Bronx, NY

SBA PPP loan data, payroll data, and salaries for St. Patrick's Home For The Aged And Infirm
NY Nonprofit Organization

St. Patrick's Home For The Aged And Infirm

Entity: Non-profit Organization

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Bronx, NY

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St. Patrick's Home For The Aged And Infirm is a non-profit organization located at 66 Van Cortlandt Park South in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $3,560,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.56M

Jobs Retained:

308

Loan Approved:

2020-04-28

Lender:

KEYBANK NATIONAL ASSOCIATION

St. Patrick's Home For The Aged And Infirm received a Paycheck Protection Loan of $3.56M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, St. Patrick's Home For The Aged And Infirm's total 2019 payroll expenses were approximately $17.09M in order to qualify for the PPP loan amount received.

Based on their reported 308 jobs retained, this equals an estimated average yearly compensation of $55,481 per employee1.

Because the loan received by St. Patrick's Home For The Aged And Infirm 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. Patrick's Home For The Aged And Infirm in Bronx, NY

St. Patrick's Home For The Aged And Infirm
66 Van Cortlandt Park South
Bronx, NY 10463

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-13

Similar Companies near Bronx

In the Bronx area, 8 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 308) and received an average PPP loan of $2,606,903 (compared to this company's $3.56M).

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. Patrick's Home For The Aged And Infirm's reported 308 employees, and received an average PPP loan of $557,944, 84% lower than this company's loan of $3.56M.

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.

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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-patricks-home-for-the-aged-and-infirm-bronx-ny