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PPP Loan Data — Advanced Home Care Services Inc.,
Brooklyn, NY
Advanced Home Care Services Inc.
Entity: Subchapter S Corporation
Industry: Home Health Care Services
Location: Brooklyn, NY
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Advanced Home Care Services Inc. is a subchapter s corporation located at 3865 Surf Ave in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,443,142.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
472Loan Approved:
2020-04-16Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONAdvanced Home Care Services Inc. received a Paycheck Protection Loan of $2.44M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Advanced Home Care Services Inc.'s total 2019 payroll expenses were approximately $11.73M in order to qualify for the PPP loan amount received.
Based on their reported 472 jobs retained, this equals an estimated average yearly compensation of $24,846 per employee1.
Business Information - Advanced Home Care Services Inc. in Brooklyn, NY
3865 Surf Ave
Brooklyn, NY 11224
Business Industry
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-08Similar Companies near Brooklyn
In the Brooklyn area, 21 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 204 employees (compared to this company's 472) and received an average PPP loan of $2,184,047 (compared to this company's $2.44M).
Similar Nearby Businesses Who Received PPP Funding:
Arvut Home Care, Inc.
Brooklyn, NY
High Standard Home Care Inc.
Brooklyn, NY
Heart To Heart Management, LLC
Brooklyn, NY
Elite Choice LLC
Brooklyn, NY
Global Consultant USA Inc
Brooklyn, NY
Amber Court At Home LLC
Brooklyn, NY
Care Management Inc.
Brooklyn, NY
Phyt Rehab Of Wisconsin Inc
Brooklyn, NY
Liubov Rubin
Brooklyn, NY
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 Advanced Home Care Services Inc.'s reported 472 employees, and received an average PPP loan of $212,236, 91% lower than this company's loan of $2.44M.
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.
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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