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Sunday, September 29, 2024

HHS provides $238,558 to businesses in Colts Neck under CARES Act

Genbusiness005

Through the fourth quarter of 2020, businesses in Colts Neck received $238,558 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 $8,520 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
1David Myles Herman, LLC$33,805
2Bryan a Shumaker, D.D.S.$21,057
3Shivendra Pandey PC, M.D.$20,697
4Premier Vein & Vascular, LLC$18,983
5L. Gualberti Girgis and J. Gualberti M.D., M.D.$15,518
6Northeast Insomnia and Sleep Medicine, PLLC$14,793
7Jersey Shore Psychiatric Services, LLC$13,776
8Varsha Mehta$13,471
9Colts Neck Apothecary$10,941
10Holistic Healing Center$9,703
11Pediatric Physician Care$9,655
12Denise L Waldron, D.M.D.$8,044
13Farag a Mankarios LLC, M.D.$7,660
14David M Herzog PC, M.D.$7,033
15Thoroughbred Dental ARTS, LLC$6,677
16Michael J. Lasalle$5,954
17Howard Katz$5,134
18David Carotenuto$5,100
19Madeline Healy$3,135
20Shore Dental Sleep Care$2,191
21Stephen Feldman L. Phd$1,677
22Jeffrey Ellias-Frankel$1,301
23Rhonda Batlas$1,083
24Louis M Iorio LLC, M.D.$452
25Bhavini S Chandarana LLC, M.D.$342
26Farag Mankarios$262
27Rudolf Thompson$64
28Nutrition First, LLC$50

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