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PPP Loan Data — Champion Care, Inc., Laredo, TX

SBA PPP loan data, payroll data, and salaries for Champion Care, Inc.
TX

Champion Care, Inc.

Entity: Corporation

Industry: Home Health Care Services

Location: Laredo, TX

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Champion Care, Inc. is a corporation located at 1419 Market St in Laredo, Texas that received a Coronavirus-related PPP loan from the SBA of $2,815,745.00 in May, 2020.

The company has reported itself as a female owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.82M

Jobs Retained:

500

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Champion Care, Inc. in Laredo, TX received a Paycheck Protection Loan of $2.82M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Champion Care, Inc.'s total 2019 payroll expenses were approximately $13.52M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $27,031 per employee1.

Because the loan received by Champion 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 - Champion Care, Inc. in Laredo, TX

Champion Care, Inc.
1419 Market St
Laredo, TX 78040

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-28

Similar Companies near Laredo

In the Laredo area, 39 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 83 employees (compared to this company's 500) and received an average PPP loan of $313,531 (compared to this company's $2.82M).

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, 93% lower than Champion Care, Inc.'s reported 500 employees, and received an average PPP loan of $212,236, 92% lower than this company's loan of $2.82M.

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.

Search FederalPay's Full PPP Loan Database

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/champion-care-inc-laredo-tx