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PPP Loan Data — Assisted Home Care, Inc., Thousand Oaks, CA

SBA PPP loan data, payroll data, and salaries for Assisted Home Care, Inc.
CA

Assisted Home Care, Inc.

Entity: Corporation

Industry: Home Health Care Services

Location: Thousand Oaks, CA

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Assisted Home Care, Inc. is a corporation located at 72 Moody Ct Suite 100 in Thousand Oaks, California that received a Coronavirus-related PPP loan from the SBA of $2,457,562.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.46M

Jobs Retained:

425

Loan Approved:

2020-04-27

Lender:

MONTECITO BANK & TRUST

Assisted Home Care, Inc. received a Paycheck Protection Loan of $2.46M through MONTECITO BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Assisted Home Care, Inc.'s total 2019 payroll expenses were approximately $11.8M in order to qualify for the PPP loan amount received.

Based on their reported 425 jobs retained, this equals an estimated average yearly compensation of $27,756 per employee1.

Because the loan received by Assisted Home Care, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Assisted Home Care, Inc. in Thousand Oaks, CA

Assisted Home Care, Inc.
72 Moody Ct Suite 100
Thousand Oaks, CA 91360

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-26

Similar Companies near Thousand Oaks

In the Thousand Oaks area, 22 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 425) and received an average PPP loan of $269,500 (compared to this company's $2.46M).

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, 92% lower than Assisted Home Care, Inc.'s reported 425 employees, and received an average PPP loan of $212,236, 91% lower than this company's loan of $2.46M.

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.

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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/assisted-home-care-inc-thousand-oaks-ca