PPP Loan Data — Carepro Of NY Inc, Brooklyn, NY
Carepro Of NY Inc is a corporation located at 1712 Kings Hwy in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $1,519,411.00 in April, 2020.
$ PPP Loan Information
Carepro Of NY Inc received a Paycheck Protection Loan of $1.52M through NORTHFIELD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Carepro Of NY Inc's total 2019 payroll expenses were approximately $7.29M in order to qualify for the PPP loan amount received.
Based on their reported 435 jobs retained, this equals an estimated average yearly compensation of $16,766 per employee1.
Business Information - Carepro Of NY Inc in Brooklyn, NY
1712 Kings Hwy
Brooklyn, NY 11229
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-09
Similar Companies near Brooklyn
In the Brooklyn area, 15 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 195 employees (compared to this company's 435) and received an average PPP loan of $1,071,469 (compared to this company's $1.52M).
Similar Nearby Businesses Who Received PPP Funding:
Citycare Agency Corp
Home Care Consulting Inc
Best Professional Home Care Agency, Inc
Loyal Cdpap LLC
Big Heart Home Care LLC
In Care Home Health Care Group LLC
1ST Home Care Of NY, Corp
Carepro Big Apple 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, 92% lower than Carepro Of NY Inc's reported 435 employees, and received an average PPP loan of $212,236, 86% lower than this company's loan of $1.52M.
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.
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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