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PPP Loan Data — The New Fulton Commons Co, LLC, East Meadow, NY

SBA PPP loan data, payroll data, and salaries for The New Fulton Commons Co, LLC
NY

The New Fulton Commons Co, LLC

Entity: Limited Liability Company (LLC)

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: East Meadow, NY

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The New Fulton Commons Co, LLC is a limited liability company (LLC) located at 60 Merrick Ave in East Meadow, New York that received a Coronavirus-related PPP loan from the SBA of $4,233,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.23M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-28

Lender:

SIGNATURE BANK

The New Fulton Commons Co, LLC received a Paycheck Protection Loan of $4.23M through SIGNATURE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, The New Fulton Commons Co, LLC's total 2019 payroll expenses were approximately $20.32M in order to qualify for the PPP loan amount received.

Unlike most businesses, The New Fulton Commons Co, LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by The New Fulton Commons Co, LLC 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 New Fulton Commons Co, LLC in East Meadow, NY

The New Fulton Commons Co, LLC
60 Merrick Ave
East Meadow, NY 11554

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-04

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, and received an average PPP loan of $557,944, 87% lower than this company's loan of $4.23M.

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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Source: www.federalpay.org/paycheck-protection-program/the-new-fulton-commons-co-llc-east-meadow-ny