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PPP Loan Data — 1ST Home Care Of NY, Corp, Brooklyn, NY

SBA PPP loan data, payroll data, and salaries for 1ST Home Care Of NY, Corp
NY

1ST Home Care Of NY, Corp

Entity: Corporation

Industry: Home Health Care Services

Location: Brooklyn, NY

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1ST Home Care Of NY, Corp is a corporation located at 1601 Gravesend Neck Rd in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $10,864.00 in May, 2020.

The company has reported itself as a White female owned business, and employed at least six people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$10,864

Jobs Retained:

6

Loan Approved:

2020-05-14

Lender:

DIME COMMUNITY BANK

1ST Home Care Of NY, Corp received a Paycheck Protection Loan of $10,864 through DIME COMMUNITY BANK, which was approved in May, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, 1ST Home Care Of NY, Corp's total 2019 payroll expenses were approximately $52,147 in order to qualify for the PPP loan amount received.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $8,691 per employee1.

Business Information - 1ST Home Care Of NY, Corp in Brooklyn, NY

1ST Home Care Of NY, Corp
1601 Gravesend Neck Rd
Brooklyn, NY 11229

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: NY-09

Similar Companies near Brooklyn

In the Brooklyn area, 15 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 195 employees (compared to this company's 6) and received an average PPP loan of $1,071,469 (compared to this company's $10,864).

Industry PPP Comparison Statistics

Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 34 employees, 467% higher than 1ST Home Care Of NY, Corp's reported 6 employees, and received an average PPP loan of $212,236, 1854% higher than this company's loan of $10,864.

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. 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-home-care-of-ny-corp-brooklyn-ny