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PPP Loan Data — The Arc Ocean County Chapter Inc,
Lakewood, NJ
The Arc Ocean County Chapter Inc
Entity: Non-profit Organization
Industry: Voluntary Health Organizations
Location: Lakewood, NJ
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The Arc Ocean County Chapter Inc is a non-profit organization located at 815 Cedarbridge Avenue in Lakewood, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,077,202.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
488Loan Approved:
2020-04-15Lender:
OCEANFIRST BANK, NATIONAL ASSOCIATIONThe Arc Ocean County Chapter Inc in Lakewood, NJ received a Paycheck Protection Loan of $4.08M through OCEANFIRST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Arc Ocean County Chapter Inc's total 2019 payroll expenses were approximately $19.57M in order to qualify for the PPP loan amount received.
Based on their reported 488 jobs retained, this equals an estimated average yearly compensation of $40,104 per employee1.
Business Information - The Arc Ocean County Chapter Inc in Lakewood, NJ
815 Cedarbridge Avenue
Lakewood, NJ 08701
Business Industry
Voluntary Health Organizations (NAICS code 813212)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-04Similar Companies near Lakewood
In the Lakewood area, 2 businesses in the "Voluntary Health Organizations" industry received a PPP loan. These local businesses reported an average of 245 employees (compared to this company's 488) and received an average PPP loan of $2,042,351 (compared to this company's $4.08M).
Similar Nearby Businesses Who Received PPP Funding:
Misameach
Lakewood, NJ
Industry PPP Comparison Statistics
Nationwide, 1,170 businesses in the "Voluntary Health Organizations" industry received a total of $300,865,194.00 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 22 employees, 95% lower than The Arc Ocean County Chapter Inc's reported 488 employees, and received an average PPP loan of $257,150, 94% lower than this company's loan of $4.08M.
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.
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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