PPP Loan Data — Exceptional Hearts Home Health Care Agency, LLC, Philadelphia, PA
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
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
1500 John F Kennedy Blvd
Philadelphia, PA 19102
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: BLACK OR AFRICAN AMERICAN
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Home Care Associates Of Philadelphia Inc
Grayhawk Home Care 1 LLC
Health Care Improvement Foundation Inc
Abundantly Blessed Home Care LLC
America Home Health Care LLC
Open Arms Home Care Agency, LLC
Cross Rivers LLC
Newcourtland Elders Services
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.
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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