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PPP Loan Data — Complete Home Care LLC, Revere, MA

SBA PPP loan data, payroll data, and salaries for Complete Home Care LLC
MA

Complete Home Care LLC

Entity: Limited Liability Company (LLC)

Industry: Commercial and Institutional Building Construction

Location: Revere, MA

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Complete Home Care LLC is a limited liability company (LLC) located at 53 Goldie St in Revere, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.5M

Jobs Retained:

154

Loan Approved:

2020-04-28

Lender:

NORTHEAST BANK

Complete Home Care LLC in Revere, MA received a Paycheck Protection Loan of $2.5M through NORTHEAST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Complete Home Care LLC's total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.

Based on their reported 154 jobs retained, this equals an estimated average yearly compensation of $77,922 per employee1.

Because the loan received by Complete Home Care LLC 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 - Complete Home Care LLC in Revere, MA

Complete Home Care LLC
53 Goldie St
Revere, MA 02151

Business Industry

Commercial and Institutional Building Construction (NAICS code 236220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-05

Similar Companies near Revere

In the Revere area, 8 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 154) and received an average PPP loan of $347,373 (compared to this company's $2.5M).

Industry PPP Comparison Statistics

Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 13 employees, 92% lower than Complete Home Care LLC's reported 154 employees, and received an average PPP loan of $203,235, 92% lower than this company's loan of $2.5M.

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.

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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/complete-home-care-llc-revere-ma