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PPP Loan Data — Exceptional Hearts Home Health Care Agency, LLC, Philadelphia, PA

SBA PPP loan data, payroll data, and salaries for Exceptional Hearts Home Health Care Agency, LLC
PA

Exceptional Hearts Home Health Care Agency, LLC

Entity: Limited Liability Company (LLC)

Industry: Home Health Care Services

Location: Philadelphia, PA

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Exceptional Hearts Home Health Care Agency, LLC is a limited liability company (LLC) located at 1500 John F Kennedy Blvd in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,607,500.00 in April, 2020.

The company has reported itself as a Black or african american female owned business, and employed at least 300 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$1.61M

Jobs Retained:

300

Loan Approved:

2020-04-10

Lender:

QUAINT OAK BANK

Exceptional Hearts Home Health Care Agency, LLC received a Paycheck Protection Loan of $1.61M through QUAINT OAK BANK, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Exceptional Hearts Home Health Care Agency, LLC's total 2019 payroll expenses were approximately $7.72M in order to qualify for the PPP loan amount received.

Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $25,720 per employee1.

Business Information - Exceptional Hearts Home Health Care Agency, LLC in Philadelphia, PA

Exceptional Hearts Home Health Care Agency, LLC
1500 John F Kennedy Blvd
Philadelphia, PA 19102

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: BLACK OR AFRICAN AMERICAN

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: PA-03

Similar Companies near Philadelphia

In the Philadelphia area, 9 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 300) and received an average PPP loan of $1,085,216 (compared to this company's $1.61M).

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, 89% lower than Exceptional Hearts Home Health Care Agency, LLC's reported 300 employees, and received an average PPP loan of $212,236, 87% lower than this company's loan of $1.61M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/exceptional-hearts-home-health-care-agency-llc-philadelphia-pa