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PPP Loan Data — Caretech Inc,
Omaha, NE
Caretech Inc
Entity: Subchapter S Corporation
Industry: Home Health Care Services
Location: Omaha, NE
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Caretech Inc is a subchapter s corporation located at 11904 Arbor St Ste 201 in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $457,195.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 80 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
80Loan Approved:
2020-04-04Lender:
AMERICAN NATIONAL BANKCaretech Inc received a Paycheck Protection Loan of $457,195 through AMERICAN NATIONAL BANK, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Caretech Inc's total 2019 payroll expenses were approximately $2.19M in order to qualify for the PPP loan amount received.
Based on their reported 80 jobs retained, this equals an estimated average yearly compensation of $27,432 per employee1.
Business Information - Caretech Inc in Omaha, NE
11904 Arbor St Ste 201
Omaha, NE 68144
Business Industry
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: NE-02Similar Companies near Omaha
In the Omaha area, 7 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 80) and received an average PPP loan of $590,807 (compared to this company's $457,195).
Similar Nearby Businesses Who Received PPP Funding:
Alfa Home Health, LLC
Omaha, NE
CCA, Inc
Omaha, NE
Aahmom, LLC
Omaha, NE
Visiting Nurse Association Of The Midlands
Omaha, NE
Ifys Home Healthcare, Inc
Omaha, NE
Advanced Home Health Care And Nursing, LLC
Omaha, NE
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, 58% lower than Caretech Inc's reported 80 employees, and received an average PPP loan of $212,236, 54% lower than this company's loan of $457,195.
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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