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PPP Loan Data — Allcare Homecare Agency Inc DBA Vivid Care, Brooklyn, NY

SBA PPP loan data, payroll data, and salaries for Allcare Homecare Agency Inc DBA Vivid Care
NY

Allcare Homecare Agency Inc DBA Vivid Care

Entity: Corporation

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Brooklyn, NY

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Allcare Homecare Agency Inc DBA Vivid Care is a corporation located at 1502 Kings Hwy Fl 3 in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $1,158,145.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$1.16M

Jobs Retained:

200

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Allcare Homecare Agency Inc DBA Vivid Care received a Paycheck Protection Loan of $1.16M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Allcare Homecare Agency Inc DBA Vivid Care's total 2019 payroll expenses were approximately $5.56M in order to qualify for the PPP loan amount received.

Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $27,795 per employee1.

Business Information - Allcare Homecare Agency Inc DBA Vivid Care in Brooklyn, NY

Allcare Homecare Agency Inc DBA Vivid Care
1502 Kings Hwy Fl 3
Brooklyn, NY 11229

Business Industry

Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-09

Similar Companies near Brooklyn

In the Brooklyn area, 5 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 162 employees (compared to this company's 200) and received an average PPP loan of $959,234 (compared to this company's $1.16M).

Industry PPP Comparison Statistics

Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 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 66 employees, 67% lower than Allcare Homecare Agency Inc DBA Vivid Care's reported 200 employees, and received an average PPP loan of $557,944, 52% lower than this company's loan of $1.16M.

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/allcare-homecare-agency-inc-dba-vivid-care-brooklyn-ny