PPP Loan Data — Essential Home Care Inc, Jamaica, NY
Essential Home Care Inc
Location: Jamaica, NYTweet This • Search All PPP Data
Essential Home Care Inc is a corporation located at 17010 Hillside Ave in Jamaica, New York that received a Coronavirus-related PPP loan from the SBA of $2,310,990.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Essential Home Care Inc in Jamaica, NY received a Paycheck Protection Loan of $2.31M through Quontic Bank, which was approved in July, 2020.
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, Essential Home Care Inc's 2019 payroll expenses are estimated to be at least $11.09M.
Based on their reported 445 jobs retained, this equals an estimated average yearly compensation of $24,928 per employee1
Reported PPP Proceed Usage:
On the PPP application, Essential Home Care Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,310,990
Business Information - Essential Home Care Inc in Jamaica, NY
17010 Hillside Ave
Jamaica, NY 11432
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Jamaica
In the Jamaica area, 7 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 194 employees (compared to this company's 445) and received an average PPP loan of $1,861,578 (compared to this company's $2.31M).
Similar Nearby Businesses Who Received PPP Funding:
Hillside Manor Rehabilitation And Extended Care Center, LLC
Jamaica Estates, NY
Highland Care Center, Inc
Chapin Home For The Aging
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B 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 60 employees, 87% lower than Essential Home Care Inc's reported 445 employees, and received an average PPP loan of $442,944, 81% lower than this company's loan of $2.31M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!