PPP Loan Data — Horizon Home Care Services Inc., Monsey, NY
Horizon Home Care Services Inc.
Entity: Subchapter S Corporation
Location: Monsey, NYTweet This • Search All PPP Data
Horizon Home Care Services Inc. is a subchapter s corporation located at 386 Route 59 in Monsey, New York that received a Coronavirus-related PPP loan from the SBA of $4,121,347.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Horizon Home Care Services Inc. in Monsey, NY received a Paycheck Protection Loan of $4.12M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Horizon Home Care Services Inc.'s total 2019 payroll expenses were approximately $19.78M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $39,565 per employee1.
Business Information - Horizon Home Care Services Inc. in Monsey, NY
386 Route 59
Monsey, NY 10952
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NY-17
Similar Companies near Monsey
In the Monsey area, 3 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 240 employees (compared to this company's 500) and received an average PPP loan of $2,020,672 (compared to this company's $4.12M).
Similar Nearby Businesses Who Received PPP Funding:
Northern Metropolitan Inc
Northern Metropolitan Foundation For Health Care Inc
Industry PPP Comparison Statistics
Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 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 66 employees, 87% lower than Horizon Home Care Services Inc.'s reported 500 employees, and received an average PPP loan of $557,944, 86% lower than this company's loan of $4.12M.
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, 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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