PPP Loan Data — Home Care Providers, Inc., Indianapolis, IN
Home Care Providers, Inc. is a subchapter s corporation located at 9101 N. Wesleyan Rd. in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,837,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 163 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Home Care Providers, Inc. received a Paycheck Protection Loan of $2.84M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Home Care Providers, Inc.'s total 2019 payroll expenses were approximately $13.62M in order to qualify for the PPP loan amount received.
Based on their reported 163 jobs retained, this equals an estimated average yearly compensation of $83,549 per employee1.
Business Information - Home Care Providers, Inc. in Indianapolis, IN
9101 N. Wesleyan Rd.
Indianapolis, IN 46268
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IN-05
Similar Companies near Indianapolis
In the Indianapolis area, 8 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 163) and received an average PPP loan of $468,839 (compared to this company's $2.84M).
Similar Nearby Businesses Who Received PPP Funding:
Golden Heart Caregivers LLC
Graceful Aging Home Care LLC
Golden Heart Health Services LLC
The Well Counseling And Consulting Group LLC
Etelcare Home Services Unlimited
Home Services Unlimited, Inc.
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, 79% lower than Home Care Providers, Inc.'s reported 163 employees, and received an average PPP loan of $212,236, 93% lower than this company's loan of $2.84M.
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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