PPP Loan Data — Home Care Associates Of Philadelphia Inc, Philadelphia, PA
Home Care Associates Of Philadelphia Inc is a corporation located at 1500 Walnut St in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $779,400.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Home Care Associates Of Philadelphia Inc received a Paycheck Protection Loan of $779,400 through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Home Care Associates Of Philadelphia Inc's total 2019 payroll expenses were approximately $3.74M in order to qualify for the PPP loan amount received.
Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $28,778 per employee1.
Business Information - Home Care Associates Of Philadelphia Inc in Philadelphia, PA
1500 Walnut St
Philadelphia, PA 19102
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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 130) and received an average PPP loan of $1,085,216 (compared to this company's $779,400).
Similar Nearby Businesses Who Received PPP Funding:
Health Care Improvement Foundation Inc
Newcourtland Elders Services
Grayhawk Home Care 1 LLC
Open Arms Home Care Agency, LLC
Abundantly Blessed Home Care LLC
Exceptional Hearts Home Health Care Agency, LLC
Cross Rivers LLC
America Home Health Care LLC
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, 74% lower than Home Care Associates Of Philadelphia Inc's reported 130 employees, and received an average PPP loan of $212,236, 73% lower than this company's loan of $779,400.
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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