PPP Loan Data — Open Arms Home Care Agency, LLC, Philadelphia, PA
Open Arms Home Care Agency, LLC is a limited liability company (LLC) located at 1420 Walnut St, Ste 815 in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $104,936.00 in May, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Open Arms Home Care Agency, LLC received a Paycheck Protection Loan of $104,936 through EVERENCE FCU, which was approved in May, 2020.
Based on standard PPP eligibility rules, Open Arms Home Care Agency, LLC's total 2019 payroll expenses were approximately $503,693 in order to qualify for the PPP loan amount received.
Unlike most businesses, Open Arms Home Care Agency, 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.
Business Information - Open Arms Home Care Agency, LLC in Philadelphia, PA
1420 Walnut St, Ste 815
Philadelphia, PA 19102
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-03
Similar Companies near Philadelphia
In the Philadelphia area, 9 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 0) and received an average PPP loan of $1,085,216 (compared to this company's $104,936).
Similar Nearby Businesses Who Received PPP Funding:
Abundantly Blessed Home Care LLC
Health Care Improvement Foundation Inc
America Home Health Care LLC
Home Care Associates Of Philadelphia Inc
Newcourtland Elders Services
Cross Rivers LLC
Exceptional Hearts Home Health Care Agency, LLC
Grayhawk Home Care 1 LLC
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, 102% higher than this company's loan of $104,936.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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