PPP Loan Data — Partners In Home Care, Inc, Missoula, MT
Partners In Home Care, Inc is a corporation located at 2673 Palmer Street, Suite 201 in Missoula, Montana that received a Coronavirus-related PPP loan from the SBA of $2,259,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Partners In Home Care, Inc in Missoula, MT received a Paycheck Protection Loan of $2.26M through Glacier Bank, 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, Partners In Home Care, Inc's 2019 payroll expenses are estimated to be at least $10.84M.
Based on their reported 151 jobs retained, this equals an estimated average yearly compensation of $71,812 per employee1
Reported PPP Proceed Usage:
On the PPP application, Partners In Home Care, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,259,100
Business Information - Partners In Home Care, Inc in Missoula, MT
2673 Palmer Street, Suite 201
Missoula, MT 59808
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Missoula
In the Missoula area, 9 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 151) and received an average PPP loan of $1,439,534 (compared to this company's $2.26M).
Similar Nearby Businesses Who Received PPP Funding:
Home Health Services Inc
Missoula Elder Care LLC
Consumer Direct Holdings, Inc
Lasting Dreams LLC
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, 90% lower than Partners In Home Care, Inc's reported 151 employees, and received an average PPP loan of $83,373, 96% lower than this company's loan of $2.26M.
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Footnotes & Information
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