PPP Loan Data — Prestige Home Health Care LLC, Phoenix, AZ
Prestige Home Health Care LLC is a partnership located at 3120 N 19th Ave Ste 170 in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,413.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Prestige Home Health Care LLC in Phoenix, AZ received a Paycheck Protection Loan of $25,413 through JPMorgan Chase Bank, National Association, which was approved in May, 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, Prestige Home Health Care LLC's 2019 payroll expenses are estimated to be at least $121,982.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,426 per employee1
Reported PPP Proceed Usage:
On the PPP application, Prestige Home Health Care LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,750
- Utilities: $663
- Rent: $3,000
Business Information - Prestige Home Health Care LLC in Phoenix, AZ
3120 N 19th Ave Ste 170
Phoenix, AZ 85015
Continuing Care Retirement Communities
NAICS code 623311
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,718 businesses in the "Continuing Care Retirement Communities" industry received a total of $1.53B 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 77 employees, 1000% higher than Prestige Home Health Care LLC's reported 7 employees, and received an average PPP loan of $561,944, 2111% higher than this company's loan of $25,413.
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Footnotes & Information
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