PPP Loan Data — Distinctive Home Care Inc, Bowie, MD
Distinctive Home Care Inc is a corporation located at 2006 Tulson Lane # A-100 in Bowie, Maryland that received a Coronavirus-related PPP loan from the SBA of $4,306,015.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Distinctive Home Care Inc in Bowie, MD received a Paycheck Protection Loan of $4.31M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Distinctive Home Care Inc's total 2019 payroll expenses were approximately $20.67M in order to qualify for the PPP loan amount received.
Based on their reported 400 jobs retained, this equals an estimated average yearly compensation of $51,672 per employee1.
Business Information - Distinctive Home Care Inc in Bowie, MD
2006 Tulson Lane # A-100
Bowie, MD 20721
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-05
Similar Companies near Bowie
In the Bowie area, 24 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 400) and received an average PPP loan of $318,170 (compared to this company's $4.31M).
Similar Nearby Businesses Who Received PPP Funding:
Uniq Healthcare LLC
Helena's House, Inc.
Blessed Angels Home Healthcare Services LLC
Gladys E Teke
Care First Home Health Care Inc
Immaculate Healthcare Services Inc
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 Distinctive Home Care Inc's reported 400 employees, and received an average PPP loan of $212,236, 95% lower than this company's loan of $4.31M.
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.
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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