PPP Loan Data — A-Plus Care Hhc Inc., Brooklyn, NY
A-Plus Care Hhc Inc. is a subchapter s corporation located at 1757 Broadway in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $3,486,667.00 in May, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
A-Plus Care Hhc Inc. in Brooklyn, NY received a Paycheck Protection Loan of $3.49M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, A-Plus Care Hhc Inc.'s total 2019 payroll expenses were approximately $16.74M in order to qualify for the PPP loan amount received.
Based on their reported 470 jobs retained, this equals an estimated average yearly compensation of $35,609 per employee1.
Business Information - A-Plus Care Hhc Inc. in Brooklyn, NY
Brooklyn, NY 11207
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-08
Similar Companies near Brooklyn
In the Brooklyn area, 12 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 168 employees (compared to this company's 470) and received an average PPP loan of $1,208,690 (compared to this company's $3.49M).
Similar Nearby Businesses Who Received PPP Funding:
Hands On Health Associates, LLC
Moffat Gardens Alp Inc
Alissa Home Care
Graceland Homecare, Inc
Riseboro Homecare Inc
Arlette's Home Care Agency, Inc
Pinnacle Group Care, Inc.
Raices Homecare, Inc.
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, 93% lower than A-Plus Care Hhc Inc.'s reported 470 employees, and received an average PPP loan of $212,236, 94% lower than this company's loan of $3.49M.
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, and is published unmodified, as provided by the SBA.
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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