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PPP Loan Data — Hopewest,
Grand Junction, CO
Hopewest
Entity: Non-profit Organization
Industry: Home Health Care Services
Location: Grand Junction, CO
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Hopewest is a non-profit organization located at 3090 N 12th St in Grand Junction, Colorado that received a Coronavirus-related PPP loan from the SBA of $4,441,500.00 in April, 2020.
The company has reported itself as a male owned non-profit.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-03Lender:
TIMBERLINE BANKHopewest received a Paycheck Protection Loan of $4.44M through TIMBERLINE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hopewest's total 2019 payroll expenses were approximately $21.32M in order to qualify for the PPP loan amount received.
Unlike most businesses, Hopewest's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Hopewest in Grand Junction, CO
3090 N 12th St
Grand Junction, CO 81506
Business Industry
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: CO-03Similar Companies near Grand Junction
In the Grand Junction area, 4 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 0) and received an average PPP loan of $1,442,711 (compared to this company's $4.44M).
Similar Nearby Businesses Who Received PPP Funding:
Summit West Care
Grand Junction, CO
Cizar LLC
Grand Junction, CO
Human Touch Home Health Care Agency Inc Grand Junction
Grand Junction, CO
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, and received an average PPP loan of $212,236, 95% lower than this company's loan of $4.44M.
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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