PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Best Professional Home Care Agency Inc, Brooklyn, NY

ALERT: There are 2 PPP loans for a total of $1.62M in our database for businesses with the name "Best Professional Home Care Agency Inc" in Brooklyn, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Best Professional Home Care Agency Inc
NY

Best Professional Home Care Agency Inc

Entity: Corporation

Industry: Home Health Care Services

Location: Brooklyn, NY

Search All PPP Data

Best Professional Home Care Agency Inc is a corporation located at 1615 Quentin Rd Ste A1 in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $1,141,998.00 in March, 2021.

The company has reported itself as a female owned business, and employed at least 260 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2451038705

Loan Size:

$1.14M

Jobs Retained:

260

Loan Approved:

2021-03-29

Loan Status:

Active Un-Disbursed

Lender:

Citibank, N.A.
PPP Funds Undisbursed

Best Professional Home Care Agency Inc in Brooklyn, NY received a Paycheck Protection Loan of $1.14M through Citibank, N.A., which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $1.14M in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Best Professional Home Care Agency Inc's 2019 payroll expenses are estimated to be at least $5.48M.

Based on their reported 260 jobs retained, this equals an estimated average yearly compensation of $21,083 per employee1

Reported PPP Proceed Usage:

On the PPP application, Best Professional Home Care Agency Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,141,997

Business Information - Best Professional Home Care Agency Inc in Brooklyn, NY

Best Professional Home Care Agency Inc
1615 Quentin Rd Ste A1
Brooklyn, NY 11229

Business Industry:
Home Health Care Services
NAICS code 621610

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Kings County, NY — SBA Office 0202 — Congressional District: NY-09

Similar Companies near Brooklyn

In the Brooklyn area, 25 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 260) and received an average PPP loan of $705,920 (compared to this company's $1.14M).

Industry PPP Comparison Statistics

Nationwide, 48,512 businesses in the "Home Health Care Services" industry received a total of $6.78B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 27 employees, 90% lower than Best Professional Home Care Agency Inc's reported 260 employees, and received an average PPP loan of $139,841, 88% lower than this company's loan of $1.14M.

SBA PPP loan data, payroll data, and salaries for Best Professional Home Care Agency, Inc
NY

Best Professional Home Care Agency, Inc

Entity: Corporation

Industry: Home Health Care Services

Location: Brooklyn, NY

Search All PPP Data

Best Professional Home Care Agency, Inc is a corporation located at 1615 Quentin Road, Suite A1 in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $475,627.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 339 people during the applicable loan loan period.

$ PPP Loan Information
Loan #9376707209

Loan Size:

$475,627

Jobs Retained:

339

Loan Approved:

2020-04-28

Loan Status:

Ongoing Loan

Lender:

Citibank, N.A.

Best Professional Home Care Agency, Inc in Brooklyn, NY received a Paycheck Protection Loan of $475,627 through Citibank, N.A., which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Best Professional Home Care Agency, Inc's 2019 payroll expenses are estimated to be at least $2.28M.

Based on their reported 339 jobs retained, this equals an estimated average yearly compensation of $6,735 per employee1

Reported PPP Proceed Usage:

On the PPP application, Best Professional Home Care Agency, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $475,627

Business Information - Best Professional Home Care Agency, Inc in Brooklyn, NY

Best Professional Home Care Agency, Inc
1615 Quentin Road, Suite A1
Brooklyn, NY 11229

Business Industry:
Home Health Care Services
NAICS code 621610

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Kings County, NY — SBA Office 0202 — Congressional District: NY-09

Similar Companies near Brooklyn

In the Brooklyn area, 25 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 339) and received an average PPP loan of $705,920 (compared to this company's $475,627).

Industry PPP Comparison Statistics

Nationwide, 48,512 businesses in the "Home Health Care Services" industry received a total of $6.78B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 27 employees, 92% lower than Best Professional Home Care Agency, Inc's reported 339 employees, and received an average PPP loan of $139,841, 71% lower than this company's loan of $475,627.

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. Estimations for informational purposes only. 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/best-professional-home-care-agency-inc-brooklyn-ny