PPP Loan Data — Venture Forthe Inc., Niagara Falls, NY
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
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.
Business Information - Venture Forthe Inc. in Niagara Falls, NY
3900 Packard Road
Niagara Falls, NY 14303
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Palliative Homecare Of Niagara Inc
Niagara Falls, NY
Niagara Falls, NY
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.
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