PPP Loan Data — Global Home Care Inc., Brooklyn, NY
Global Home Care Inc.
Location: Brooklyn, NYTweet This • Search All PPP Data
Global Home Care Inc. is a corporation located at 1222 Avenue M in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,745,245.00 in April, 2020.
$ PPP Loan Information
Global Home Care Inc. in Brooklyn, NY received a Paycheck Protection Loan of $2.75M through CITIBANK, N.A., which was approved in April, 2020.
Based on standard PPP eligibility rules, Global Home Care Inc.'s total 2019 payroll expenses were approximately $13.18M in order to qualify for the PPP loan amount received.
Based on their reported 450 jobs retained, this equals an estimated average yearly compensation of $29,283 per employee1.
Business Information - Global Home Care Inc. in Brooklyn, NY
1222 Avenue M
Brooklyn, NY 11230
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-09
Similar Companies near Brooklyn
In the Brooklyn area, 72 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 450) and received an average PPP loan of $61,599 (compared to this company's $2.75M).
Similar Nearby Businesses Who Received PPP Funding:
Jsaff Sales LLC
Tri Boro Driver Rehabilitation & Mobility Services, Inc.
Philament Design Inc
Charles Cohen Designs LLC
Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 99% lower than Global Home Care Inc.'s reported 450 employees, and received an average PPP loan of $74,488, 97% lower than this company's loan of $2.75M.
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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