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Thursday, October 17, 2024

HHS provides $229,306 to businesses in Pompton Lakes under CARES Act

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Through the fourth quarter of 2020, businesses in Pompton Lakes received $229,306 in health-related relief from the CARES Act issued by the Department of Health and Human Services.

According to numbers reported through the fourth quarter of 2020, businesses in New Jersey received $4.3 billion in health-related relief from the CARES Act issued by the Department of Health and Human Services. The largest recipient of funding in the state was HMH Hospitals Corporation with a total of $401.2 million. The average loan size in the city was $12,739 while the state's average loan amount was $261,158.

Of the money distributed, $30 billion went out automatically to health providers based on previous year medicare payments. If the money wasn't returned within 90 days the provider is then automatically entered into the repayment terms that are issued by HHS. With the money going out automatically and the rules constantly changing, some of the businesses that received the money weren't eligible to receive it once the final rules were sent out.

According to the Department of Health and Human Services, this information represents the list of providers that received a payment from the General Distribution, High Impact Targeted Allocation, Safety Net Hospitals, Non-Medicare, Rural Targeted Allocation and/or the Skilled Nursing Facility Targeted Allocation of the Provider Relief Fund and who have attested to receiving one or more payments and agreed to the Terms and Conditions as of July 8, 2020.

All PPP loan recipients
RankBusinessDollar Amount Received
1North Jersey Chiropractic Rehabilitation Center, LLP$66,943
2Smile Li Dentistry, LLC$49,582
3Daniel a Nyhuis PC, D.M.D.$39,381
4Joseph Basilicato LLC, D.M.D.$26,503
5Bart Cohen Pa$12,543
6Fuad a Ahmad PA, M.D.$10,780
7Great Eastern Behavioral Partners, LLC$8,617
8Larisa Gershman Medical Center, PC$6,683
9Angela Landwehr$2,362
10Barbara Jean Keane$2,180
11Carol Fishelman-Rosen$1,113
12Kenneth Wolosz$831
13Pathways Counseling Center, Inc.$783
14Marjorie Steinfeld$289
15Susan Fecko$284
16Borough of Pompton Lakes$229
17Patricia Dunn$141
18Pompton Lake Pharmacy, LLC$62

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