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PPP Loan Data — Heritage Home Health Care, Inc., Saint Paul, MN

SBA PPP loan data, payroll data, and salaries for Heritage Home Health Care, Inc.
MN

Heritage Home Health Care, Inc.

Entity: Corporation

Industry: Home Health Care Services

Location: Saint Paul, MN

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Heritage Home Health Care, Inc. is a corporation located at 995 University Ave W in Saint Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,523,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.52M

Jobs Retained:

407

Loan Approved:

2020-04-10

Lender:

FIRST BANK & TRUST

Heritage Home Health Care, Inc. received a Paycheck Protection Loan of $2.52M through FIRST BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Heritage Home Health Care, Inc.'s total 2019 payroll expenses were approximately $12.11M in order to qualify for the PPP loan amount received.

Based on their reported 407 jobs retained, this equals an estimated average yearly compensation of $29,761 per employee1.

Because the loan received by Heritage Home Health Care, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Heritage Home Health Care, Inc. in Saint Paul, MN

Heritage Home Health Care, Inc.
995 University Ave W
Saint Paul, MN 55104

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MN-04

Similar Companies near Saint Paul

In the Saint Paul area, 29 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 407) and received an average PPP loan of $403,828 (compared to this company's $2.52M).

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, 92% lower than Heritage Home Health Care, Inc.'s reported 407 employees, and received an average PPP loan of $212,236, 92% lower than this company's loan of $2.52M.

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.

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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/heritage-home-health-care-inc-saint-paul-mn