PPP Loan Data — Hospice Of San Joaquin, Stockton, CA
Hospice Of San Joaquin is a non-profit organization located at 3888 Pacific Ave in Stockton, California that received a Coronavirus-related PPP loan from the SBA of $1,939,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Stockton
Hospice Of San Joaquin in Stockton, CA received a Paycheck Protection Loan of $1.94M through Bank of Stockton, which was approved in April, 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 April, 2021.
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, Hospice Of San Joaquin's 2019 payroll expenses are estimated to be at least $9.31M.
Based on their reported 125 jobs retained, this equals an estimated average yearly compensation of $74,488 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hospice Of San Joaquin reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,616,384
- Utilities: $12,500
- Health Care: $310,916
Business Information - Hospice Of San Joaquin in Stockton, CA
3888 Pacific Ave
Stockton, CA 95207
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Stockton
In the Stockton area, 23 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 125) and received an average PPP loan of $127,603 (compared to this company's $1.94M).
Similar Nearby Businesses Who Received PPP Funding:
EPJ Care Home
Jim And Betty Golden Memories, Inc
Industry PPP Comparison Statistics
Nationwide, 91,996 businesses in the "Home Health Care Services" industry received a total of $7.67B 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 15 employees, 88% lower than Hospice Of San Joaquin's reported 125 employees, and received an average PPP loan of $83,373, 96% lower than this company's loan of $1.94M.
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Footnotes & Information
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