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Tuesday, December 24, 2024

HHS provides $137,862 to businesses in Princeton Junction under CARES Act

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Through the fourth quarter of 2020, businesses in Princeton Junction received $137,862 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 $12,533 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
1Princeton Hypertension-Nephrology Associates, L L C$82,025
2Orthodontic Enterprises, LLC$24,543
3Vsmile Dental, LLC$20,264
4Kwai Fong Kong$2,779
5Joseph Sheeley$2,499
6Marie Kifun Jones$1,467
7Chiropractors on the Move, LLP$1,169
8Robin Cooper Fleming$1,108
9Arlene Kahn$941
10Laura Skivone$810
11Ilene Watrous$257

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