PPP Loan Data — The Sisters Of Saint Joseph, Brentwood, NY
The Sisters Of Saint Joseph is a non-profit organization located at 1725 Brentwood Road 0.0 in Brentwood, New York that received a Coronavirus-related PPP loan from the SBA of $1,972,837.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
The Sisters Of Saint Joseph in Brentwood, NY received a Paycheck Protection Loan of $1.97M through JPMorgan Chase Bank, National Association, which was approved in April, 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, The Sisters Of Saint Joseph's 2019 payroll expenses are estimated to be at least $9.47M.
Based on their reported 230 jobs retained, this equals an estimated average yearly compensation of $41,172 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Sisters Of Saint Joseph reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,461,999
- Utilities: $35,000
- Health Care: $475,838
Business Information - The Sisters Of Saint Joseph in Brentwood, NY
1725 Brentwood Road 0.0
Brentwood, NY 11717
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brentwood
In the Brentwood area, 10 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 230) and received an average PPP loan of $239,810 (compared to this company's $1.97M).
Similar Nearby Businesses Who Received PPP Funding:
True North Community Church
ST. John Nepomucene RC. Church
La Sagrada Palabra
City Hill Church Inc
Iglesia De Jesucristo Palabra Miel Santiago Atitlan Long Isl
Iglesia De Dios De La Profecia Inc
St Annes Roman Catholic Church
St Annes R C Church
Industry PPP Comparison Statistics
Nationwide, 123,083 businesses in the "Religious Organizations" industry received a total of $9.27B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 95% lower than The Sisters Of Saint Joseph's reported 230 employees, and received an average PPP loan of $75,298, 96% lower than this company's loan of $1.97M.
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Footnotes & Information
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