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PPP Loan Data — Heritage Home Health Care, Inc.,
Saint Paul, 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:
Jobs Retained:
407Loan Approved:
2020-04-10Lender:
FIRST BANK & TRUSTHeritage 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.
Business Information - Heritage Home Health Care, Inc. in Saint Paul, MN
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-04Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
ACE Home Health Inc
Saint Paul, MN
Family First Home Care Inc
Saint Paul, MN
My Home Health Care Inc
Saint Paul, MN
MN Lakes Home Health Care Inc
Saint Paul, MN
Care Home Care
Saint Paul, MN
Takula Home Health Care LLC
Saint Paul, MN
Kamas, Corp
Saint Paul, MN
Lifestyle Adult Day Center, LLC
Saint Paul, MN
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.
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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