PPP Loan Data — Beneficial In-Home Care Inc, Spokane, WA
Beneficial In-Home Care Inc is a subchapter s corporation located at 706 N Maple St in Spokane, Washington that received a Coronavirus-related PPP loan from the SBA of $3,614,350.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 376 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST INTERSTATE BANK
Beneficial In-Home Care Inc in Spokane, WA received a Paycheck Protection Loan of $3.61M through FIRST INTERSTATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Beneficial In-Home Care Inc's total 2019 payroll expenses were approximately $17.35M in order to qualify for the PPP loan amount received.
Based on their reported 376 jobs retained, this equals an estimated average yearly compensation of $46,141 per employee1.
Business Information - Beneficial In-Home Care Inc in Spokane, WA
706 N Maple St
Spokane, WA 99201
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: WA-05
Similar Companies near Spokane
In the Spokane area, 5 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 376) and received an average PPP loan of $811,994 (compared to this company's $3.61M).
Similar Nearby Businesses Who Received PPP Funding:
All Heart Infusion
SH Care Inc
Animal Eye Clinic Of Spokane Inc Ps
Emerald Green Adult Family Home, LLC
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, 91% lower than Beneficial In-Home Care Inc's reported 376 employees, and received an average PPP loan of $212,236, 94% lower than this company's loan of $3.61M.
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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