PPP Loan Data — JHA Geriatric Services, Inc, Reseda, CA
JHA Geriatric Services, Inc is a corporation located at 7150 Tampa Ave in Reseda, California that received a Coronavirus-related PPP loan from the SBA of $1,910,247.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
JHA Geriatric Services, Inc in Reseda, CA received a Paycheck Protection Loan of $1.91M through KeyBank National Association, which was approved in April, 2020.
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, JHA Geriatric Services, Inc's 2019 payroll expenses are estimated to be at least $9.17M.
Based on their reported 168 jobs retained, this equals an estimated average yearly compensation of $54,578 per employee1
Reported PPP Proceed Usage:
On the PPP application, JHA Geriatric Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,910,247
Business Information - JHA Geriatric Services, Inc in Reseda, CA
7150 Tampa Ave
Reseda, CA 91335
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Reseda
In the Reseda area, 36 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 168) and received an average PPP loan of $174,861 (compared to this company's $1.91M).
Similar Nearby Businesses Who Received PPP Funding:
Ariosto Blas Serrano Santos
Roze Room Hospice Of The Valley, Inc
Healthcare Staffing Professionals Inc
Hermilio Dudley II
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, 91% lower than JHA Geriatric Services, Inc's reported 168 employees, and received an average PPP loan of $83,373, 96% lower than this company's loan of $1.91M.
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Footnotes & Information
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