PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Union Community Health Center Inc, Bronx, NY

ALERT: There are 2 PPP loans for a total of $6.99M in our database for businesses with the name "Union Community Health Center Inc" in Bronx, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Union Community Health Center Inc
NY

Union Community Health Center Inc

Entity: Corporation

Industry: All Other Outpatient Care Centers

Location: Bronx, NY

Search All PPP Data

Union Community Health Center Inc is a corporation located at 260 E 188th St in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

$ PPP Loan Information Loan #3483838501

Loan Size:

$2M

Jobs Retained:

260

Loan Approved:

2021-02-24

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Union Community Health Center Inc in Bronx, NY received a Paycheck Protection Loan of $2M through Bank of America, National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Union Community Health Center Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 260 jobs retained, this equals an estimated average yearly compensation of $36,923 per employee1

Reported PPP Proceed Usage:

On the PPP application, Union Community Health Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,995
  • Utilities: $1
Because the loan received by Union Community Health Center 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 - Union Community Health Center Inc in Bronx, NY

Union Community Health Center Inc
260 E 188th St
Bronx, NY 10458

Business Industry:
All Other Outpatient Care Centers
NAICS code 621498

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Bronx County, NY — SBA Office 0202 — Congressional District: NY-15

Similar Companies near Bronx

In the Bronx area, 4 businesses in the "All Other Outpatient Care Centers" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 260) and received an average PPP loan of $1,489,778 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 7,757 businesses in the "All Other Outpatient Care Centers" industry received a total of $1,445,166,548.00 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 20 employees, 92% lower than Union Community Health Center Inc's reported 260 employees, and received an average PPP loan of $186,305, 91% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Union Community Health Center Inc
NY

Union Community Health Center Inc

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Bronx, NY

Search All PPP Data

Union Community Health Center Inc is a corporation located at 260 E 188th St in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $4,993,632.00 in April, 2020.

$ PPP Loan Information Loan #8966907107

Loan Size:

$4.99M

Jobs Retained:

313

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Union Community Health Center Inc in Bronx, NY received a Paycheck Protection Loan of $4.99M through Bank of America, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Union Community Health Center Inc's 2019 payroll expenses are estimated to be at least $23.97M.

Based on their reported 313 jobs retained, this equals an estimated average yearly compensation of $76,580 per employee1

Reported PPP Proceed Usage:

On the PPP application, Union Community Health Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,993,632
Because the loan received by Union Community Health Center 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 - Union Community Health Center Inc in Bronx, NY

Union Community Health Center Inc
260 E 188th St
Bronx, NY 10458

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Bronx County, NY — SBA Office 0202 — Congressional District: NY-15

Similar Companies near Bronx

In the Bronx area, 56 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 313) and received an average PPP loan of $154,437 (compared to this company's $4.99M).

Industry PPP Comparison Statistics

Nationwide, 166,360 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20,497,104,478.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 96% lower than Union Community Health Center Inc's reported 313 employees, and received an average PPP loan of $123,209, 98% lower than this company's loan of $4.99M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/union-community-health-center-inc-bronx-ny