PPP Loan Data — Sunnyside Community Services, Inc, Sunnyside, NY
Sunnyside Community Services, Inc
Entity: Non-profit Organization
Location: Sunnyside, NYTweet This • Search All PPP Data
Sunnyside Community Services, Inc is a non-profit organization located at 4331 39th St Ste A in Sunnyside, New York that received a Coronavirus-related PPP loan from the SBA of $2,070,451.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Sunnyside Community Services, Inc in Sunnyside, NY received a Paycheck Protection Loan of $2.07M through Bank of America, National Association, which was approved in May, 2020.
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, Sunnyside Community Services, Inc's 2019 payroll expenses are estimated to be at least $9.94M.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $49,691 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sunnyside Community Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,070,451
Business Information - Sunnyside Community Services, Inc in Sunnyside, NY
4331 39th St Ste A
Sunnyside, NY 11104
Services for the Elderly and Persons with Disabilities
NAICS code 624120
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 13,270 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $2.13B 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 27 employees, 87% lower than Sunnyside Community Services, Inc's reported 200 employees, and received an average PPP loan of $160,784, 92% lower than this company's loan of $2.07M.
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Footnotes & Information
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