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PPP Loan Data — Iowa Home Care, LLC, West Des Moines, IA

SBA PPP loan data, payroll data, and salaries for Iowa Home Care, LLC
IA

Iowa Home Care, LLC

Entity: Limited Liability Company (LLC)

Industry: Home Health Care Services

Location: West Des Moines, IA

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Iowa Home Care, LLC is a limited liability company (LLC) located at 2500 University Ave in West Des Moines, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,559,977.00 in April, 2020.

The company has reported itself as a White female owned business.

$ PPP Loan Information

Loan Size:

$2.56M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-11

Lender:

GREAT WESTERN BANK

Iowa Home Care, LLC received a Paycheck Protection Loan of $2.56M through GREAT WESTERN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Iowa Home Care, LLC's total 2019 payroll expenses were approximately $12.29M in order to qualify for the PPP loan amount received.

Unlike most businesses, Iowa Home Care, LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Iowa Home Care, LLC 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 - Iowa Home Care, LLC in West Des Moines, IA

Iowa Home Care, LLC
2500 University Ave
West Des Moines, IA 50266

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: IA-03

Similar Companies near West Des Moines

In the West Des Moines area, 9 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 0) and received an average PPP loan of $411,531 (compared to this company's $2.56M).

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, and received an average PPP loan of $212,236, 92% lower than this company's loan of $2.56M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/iowa-home-care-llc-west-des-moines-ia