PPP Loan Data — Hospicare Pharmacy And Home Infusion Of, Irvine, CA
Hospicare Pharmacy And Home Infusion Of is a corporation located at 17975 Sky Park Circle Ste De in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $45,747.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Hospicare Pharmacy And Home Infusion Of in Irvine, CA received a Paycheck Protection Loan of $45,747 through Wells Fargo Bank, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 2 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Hospicare Pharmacy And Home Infusion Of's 2019 payroll expenses are estimated to be at least $219,586 (not accounting for salary amounts > $100k).
Because the 2 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Hospicare Pharmacy And Home Infusion Of reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,747
Business Information - Hospicare Pharmacy And Home Infusion Of in Irvine, CA
17975 Sky Park Circle Ste De
Irvine, CA 92614
Pharmacies and Drug Stores
NAICS code 446110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Irvine
In the Irvine area, 3 businesses in the "Pharmacies and Drug Stores" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 2) and received an average PPP loan of $145,046 (compared to this company's $45,747).
Similar Nearby Businesses Who Received PPP Funding:
Red Chip Of Nevada
JD Health LLC
Industry PPP Comparison Statistics
Nationwide, 18,035 businesses in the "Pharmacies and Drug Stores" industry received a total of $1.7B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 500% higher than Hospicare Pharmacy And Home Infusion Of's reported 2 employees, and received an average PPP loan of $94,214, 106% higher than this company's loan of $45,747.
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Footnotes & Information
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