PPP Loan Data — Comcare Home Health Inc, Glendale, CA
Comcare Home Health Inc
Location: Glendale, CATweet This • Search All PPP Data
Comcare Home Health Inc is a corporation located at 100 W Broadway Ste 800 in Glendale, California that received a Coronavirus-related PPP loan from the SBA of $1,537,430.00 in May, 2020.
The company has reported itself as an Asian female owned business, and employed at least 150 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Comcare Home Health Inc in Glendale, CA received a Paycheck Protection Loan of $1.54M through Bank of America, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Comcare Home Health Inc's 2019 payroll expenses are estimated to be at least $7.38M.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $49,198 per employee1
Reported PPP Proceed Usage:
On the PPP application, Comcare Home Health Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,537,430
Business Information - Comcare Home Health Inc in Glendale, CA
100 W Broadway Ste 800
Glendale, CA 91210
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Glendale
In the Glendale area, 2 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 150) and received an average PPP loan of $879,028 (compared to this company's $1.54M).
Similar Nearby Businesses Who Received PPP Funding:
All Care Hospice
Industry PPP Comparison Statistics
Nationwide, 18,626 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B 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 12 employees, 92% lower than Comcare Home Health Inc's reported 150 employees, and received an average PPP loan of $88,620, 94% lower than this company's loan of $1.54M.
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Footnotes & Information
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