PPP Loan Data — Platinum Home Health Care Inc., Brooklyn, NY
Platinum Home Health Care Inc. is a subchapter s corporation located at 170 53rd St in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Platinum Home Health Care Inc. received a Paycheck Protection Loan of $10M through CITIBANK, N.A., which was approved in April, 2020.
Based on standard PPP eligibility rules, Platinum Home Health Care Inc.'s total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Platinum Home Health Care Inc. in Brooklyn, NY
170 53rd St
Brooklyn, NY 11232
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-07
Similar Companies near Brooklyn
In the Brooklyn area, 10 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 214 employees (compared to this company's 500) and received an average PPP loan of $3,655,818 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
JS Homecare Agency Of NY Inc
Eprine Home Care, Inc.
Home Sweet Home Family Daycare
The Doral Investors Group, LLC
Chad Home Health Agency, Inc
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, 93% lower than Platinum Home Health Care Inc.'s reported 500 employees, and received an average PPP loan of $212,236, 98% lower than this company's loan of $10M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!