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

PPP Loan Data — Venture Forthe Inc., Niagara Falls, NY

SBA PPP loan data, payroll data, and salaries for Venture Forthe Inc.
NY

Venture Forthe Inc.

Entity: Subchapter S Corporation

Industry: Home Health Care Services

Location: Niagara Falls, NY

Search All PPP Data

Venture Forthe Inc. is a subchapter s corporation located at 3900 Packard Road in Niagara Falls, New York that received a Coronavirus-related PPP loan from the SBA of $7,142,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.14M

Jobs Retained:

500

Loan Approved:

2020-04-11

Lender:

KEYBANK NATIONAL ASSOCIATION

Venture Forthe Inc. received a Paycheck Protection Loan of $7.14M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Venture Forthe Inc.'s total 2019 payroll expenses were approximately $34.28M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $68,568 per employee1.

Because the loan received by Venture Forthe 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 - Venture Forthe Inc. in Niagara Falls, NY

Venture Forthe Inc.
3900 Packard Road
Niagara Falls, NY 14303

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-26

Similar Companies near Niagara Falls

In the Niagara Falls area, 3 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 290 employees (compared to this company's 500) and received an average PPP loan of $3,078,904 (compared to this company's $7.14M).

Industry PPP Comparison Statistics

Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 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 34 employees, 93% lower than Venture Forthe Inc.'s reported 500 employees, and received an average PPP loan of $212,236, 97% lower than this company's loan of $7.14M.

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/venture-forthe-inc-niagara-falls-ny