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PPP Loan Data — The Handicapped Childrens Association Of New York Inc, Binghamton, NY

SBA PPP loan data, payroll data, and salaries for The Handicapped Childrens Association Of New York Inc
NY Nonprofit Organization

The Handicapped Childrens Association Of New York Inc

Entity: Non-profit Organization

Industry: Offices of Physical, Occupational and Speech Therapists, and Audiologists

Location: Binghamton, NY

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The Handicapped Childrens Association Of New York Inc is a non-profit organization located at 840 Upper Front St in Binghamton, New York that received a Coronavirus-related PPP loan from the SBA of $2,554,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.55M

Jobs Retained:

250

Loan Approved:

2020-04-05

Lender:

PEOPLES SECURITY BANK AND TRUST COMPANY

The Handicapped Childrens Association Of New York Inc in Binghamton, NY received a Paycheck Protection Loan of $2.55M through PEOPLES SECURITY BANK AND TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Handicapped Childrens Association Of New York Inc's total 2019 payroll expenses were approximately $12.26M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $49,050 per employee1.

Because the loan received by The Handicapped Childrens Association Of New York Inc 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 - The Handicapped Childrens Association Of New York Inc in Binghamton, NY

The Handicapped Childrens Association Of New York Inc
840 Upper Front St
Binghamton, NY 13905

Business Industry

Offices of Physical, Occupational and Speech Therapists, and Audiologists (NAICS code 621340)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-22

Similar Companies near Binghamton

In the Binghamton area, 4 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 250) and received an average PPP loan of $676,133 (compared to this company's $2.55M).

Industry PPP Comparison Statistics

Nationwide, 21,136 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a total of $1,682,147,868.00 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 8 employees, 97% lower than The Handicapped Childrens Association Of New York Inc's reported 250 employees, and received an average PPP loan of $79,587, 97% lower than this company's loan of $2.55M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/the-handicapped-childrens-association-of-new-york-inc-binghamton-ny