PPP Loan Data — Ideal Home Health, Inc., Brooklyn, NY
Ideal Home Health, Inc. is a corporation located at 2748 Ocean Avenue, 5th Floor in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $4,887,675.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:HARVEST SMALL BUSINESS FINANCE, LLC
Ideal Home Health, Inc. in Brooklyn, NY received a Paycheck Protection Loan of $4.89M through HARVEST SMALL BUSINESS FINANCE, LLC, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ideal Home Health, Inc.'s total 2019 payroll expenses were approximately $23.46M 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 $46,922 per employee1.
Business Information - Ideal Home Health, Inc. in Brooklyn, NY
2748 Ocean Avenue, 5th Floor
Brooklyn, NY 11229
Other Residential Care Facilities (NAICS code 623990)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: UnreportedCongressional District: NY-09
Industry PPP Comparison Statistics
Nationwide, 2,694 businesses in the "Other Residential Care Facilities" industry received a total of $666,350,372.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 29 employees, 94% lower than Ideal Home Health, Inc.'s reported 500 employees, and received an average PPP loan of $247,346, 95% lower than this company's loan of $4.89M.
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Footnotes & Information
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