PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — 1ST Choice Home Health Care & Hospice Inc, Foster City, CA

ALERT: There are 2 PPP loans for a total of $816,535 in our database for businesses with the name "1ST Choice Home Health Care & Hospice Inc" in Foster City, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for 1ST Choice Home Health Care & Hospice Inc
CA

1ST Choice Home Health Care & Hospice Inc

Entity: Corporation

Industry: Home Health Care Services

Location: Foster City, CA

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1ST Choice Home Health Care & Hospice Inc is a corporation located at 1291 E Hillsdale Blvd Ste 225 in Foster City, California that received a Coronavirus-related PPP loan from the SBA of $372,735.00 in March, 2021.

$ PPP Loan Information
Loan #8057928504

Loan Size:

$372,735

Jobs Retained:

43

Loan Approved:

2021-03-08

Loan Status:

Ongoing Loan

Lender:

Zions Bank, A Division of

1ST Choice Home Health Care & Hospice Inc in Foster City, CA received a Paycheck Protection Loan of $372,735 through Zions Bank, A Division of, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, 1ST Choice Home Health Care & Hospice Inc's 2019 payroll expenses are estimated to be at least $1.79M.

Based on their reported 43 jobs retained, this equals an estimated average yearly compensation of $41,608 per employee1

Reported PPP Proceed Usage:

On the PPP application, 1ST Choice Home Health Care & Hospice Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $372,729
  • Utilities: $1

Business Information - 1ST Choice Home Health Care & Hospice Inc in Foster City, CA

1ST Choice Home Health Care & Hospice Inc
1291 E Hillsdale Blvd Ste 225
Foster City, CA 94404

Business Industry:
Home Health Care Services
NAICS code 621610

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

San Mateo County, CA — SBA Office 0912 — Congressional District: CA-14

Similar Companies near Foster City

In the Foster City area, 13 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 43) and received an average PPP loan of $89,184 (compared to this company's $372,735).

Industry PPP Comparison Statistics

Nationwide, 91,996 businesses in the "Home Health Care Services" industry received a total of $7.67B 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 15 employees, 65% lower than 1ST Choice Home Health Care & Hospice Inc's reported 43 employees, and received an average PPP loan of $83,373, 78% lower than this company's loan of $372,735.

SBA PPP loan data, payroll data, and salaries for 1ST Choice Home Health Care & Hospice, Inc
CA

1ST Choice Home Health Care & Hospice, Inc

Entity: Corporation

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Foster City, CA

Search All PPP Data

1ST Choice Home Health Care & Hospice, Inc is a corporation located at 1291 E. Hillsdale Blvd Suite 225 in Foster City, California that received a Coronavirus-related PPP loan from the SBA of $443,800.00 in April, 2020.

$ PPP Loan Information
Loan #2000617304

Loan Size:

$443,800

Jobs Retained:

35

Loan Approved:

2020-04-29

Loan Status:

Ongoing Loan

Lender:

Zions Bank, A Division of

1ST Choice Home Health Care & Hospice, Inc in Foster City, CA received a Paycheck Protection Loan of $443,800 through Zions Bank, A Division of, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, 1ST Choice Home Health Care & Hospice, Inc's 2019 payroll expenses are estimated to be at least $2.13M.

Based on their reported 35 jobs retained, this equals an estimated average yearly compensation of $60,864 per employee1

Reported PPP Proceed Usage:

On the PPP application, 1ST Choice Home Health Care & Hospice, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $443,800

Business Information - 1ST Choice Home Health Care & Hospice, Inc in Foster City, CA

1ST Choice Home Health Care & Hospice, Inc
1291 E. Hillsdale Blvd Suite 225
Foster City, CA 94404

Business Industry:
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

San Mateo County, CA — SBA Office 0912 — Congressional District: CA-14

Similar Companies near Foster City

In the Foster City area, 4 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 35) and received an average PPP loan of $451,190 (compared to this company's $443,800).

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, 71% higher than 1ST Choice Home Health Care & Hospice, Inc's reported 35 employees, and received an average PPP loan of $442,944, 0% higher than this company's loan of $443,800.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/1st-choice-home-health-care-hospice-inc-foster-city-ca