PPP Loan Data — Waterview Nursing Care Center Inc, Queens, NY
Waterview Nursing Care Center Inc
Entity: Subchapter S Corporation
Location: Queens, NYTweet This • Search All PPP Data
Waterview Nursing Care Center Inc is a subchapter s corporation located at 119-15 27th Avenue in Queens, New York that received a Coronavirus-related PPP loan from the SBA of $1,569,747.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
Waterview Nursing Care Center Inc in Queens, NY received a Paycheck Protection Loan of $1.57M through Manufacturers and Traders Trust Company, which was approved in May, 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, Waterview Nursing Care Center Inc's 2019 payroll expenses are estimated to be at least $7.53M.
Based on their reported 139 jobs retained, this equals an estimated average yearly compensation of $54,207 per employee1
Reported PPP Proceed Usage:
On the PPP application, Waterview Nursing Care Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,027,401
- Utilities: $95,460
- Rent: $140,000
- Health Care: $306,886
Business Information - Waterview Nursing Care Center Inc in Queens, NY
119-15 27th Avenue
Queens, NY 11354
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Queens
In the Queens area, 8 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 159 employees (compared to this company's 139) and received an average PPP loan of $1,700,154 (compared to this company's $1.57M).
Similar Nearby Businesses Who Received PPP Funding:
Kprh IV Operations LLC
Evergreen Adult Daycare Center Inc
Union Plaza Nursing Home, Inc
Sapphire Center For Rehabilitation And Nursing Of Central Qu
Hestia Care, Inc
Woodcrest Rehabilitation And Residential Health Care Center,
Long Island Care Center
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 60 employees, 57% lower than Waterview Nursing Care Center Inc's reported 139 employees, and received an average PPP loan of $442,944, 72% lower than this company's loan of $1.57M.
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