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PPP Loan Data — Interim Healthcare Of The Twin Cities, Roseville, MN

SBA PPP loan data, payroll data, and salaries for Interim Healthcare Of The Twin Cities
MN

Interim Healthcare Of The Twin Cities

Entity: Subchapter S Corporation

Industry: Home Health Care Services

Location: Roseville, MN

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Interim Healthcare Of The Twin Cities is a subchapter s corporation located at 2680 Arthur St in Roseville, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,585,477.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 179 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.59M

Jobs Retained:

179

Loan Approved:

2020-04-05

Lender:

NORTH AMERICAN BANKING COMPANY

Interim Healthcare Of The Twin Cities in Roseville, MN received a Paycheck Protection Loan of $2.59M through NORTH AMERICAN BANKING COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Interim Healthcare Of The Twin Cities' total 2019 payroll expenses were approximately $12.41M in order to qualify for the PPP loan amount received.

Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $69,331 per employee1.

Because the loan received by Interim Healthcare Of The Twin Cities is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Interim Healthcare Of The Twin Cities in Roseville, MN

Interim Healthcare Of The Twin Cities
2680 Arthur St
Roseville, MN 55113

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MN-04

Similar Companies near Roseville

In the Roseville area, 28 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 179) and received an average PPP loan of $249,763 (compared to this company's $2.59M).

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, 81% lower than Interim Healthcare Of The Twin Cities' reported 179 employees, and received an average PPP loan of $212,236, 92% lower than this company's loan of $2.59M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/interim-healthcare-of-the-twin-cities-roseville-mn