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PPP Loan Data — Giving Hands Home Care Services, Roseville, MN

SBA PPP loan data, payroll data, and salaries for Giving Hands Home Care Services
MN

Giving Hands Home Care Services

Entity: Sole Proprietorship

Industry: Home Health Care Services

Location: Roseville, MN

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Giving Hands Home Care Services is a sole proprietorship located at 2353 Rice St in Roseville, Minnesota that received a Coronavirus-related PPP loan from the SBA of $117,700.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least 37 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$117,700

Jobs Retained:

37

Loan Approved:

2020-04-30

Lender:

CRF SMALL BUSINESS LOAN COMPANY, LLC

Giving Hands Home Care Services received a Paycheck Protection Loan of $117,700 through CRF SMALL BUSINESS LOAN COMPANY, LLC, 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, Giving Hands Home Care Services' total 2019 payroll expenses were approximately $564,960 in order to qualify for the PPP loan amount received.

Based on their reported 37 jobs retained, this equals an estimated average yearly compensation of $15,269 per employee1.

Business Information - Giving Hands Home Care Services in Roseville, MN

Giving Hands Home Care Services
2353 Rice St
Roseville, MN 55113

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: ASIAN

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MN-04

Similar Companies near Roseville

In the Roseville area, 28 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 37) and received an average PPP loan of $249,763 (compared to this company's $117,700).

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, 8% lower than Giving Hands Home Care Services' reported 37 employees, and received an average PPP loan of $212,236, 80% higher than this company's loan of $117,700.

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/giving-hands-home-care-services-roseville-mn