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PPP Loan Data — Pro Care Unlimited, Inc,
Bingham Farms, MI
Pro Care Unlimited, Inc
Entity: Subchapter S Corporation
Industry: Home Health Care Services
Location: Bingham Farms, MI
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Pro Care Unlimited, Inc is a subchapter s corporation located at 30200 Telegraph Rd Ste 235 in Bingham Farms, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,800,490.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-27Lender:
TCF NATIONAL BANKPro Care Unlimited, Inc in Bingham Farms, MI received a Paycheck Protection Loan of $3.8M through TCF NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pro Care Unlimited, Inc's total 2019 payroll expenses were approximately $18.24M 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 $36,485 per employee1.
Business Information - Pro Care Unlimited, Inc in Bingham Farms, MI
30200 Telegraph Rd Ste 235
Bingham Farms, MI 48025
Business Industry
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: MI-09Similar Companies near Bingham Farms
In the Bingham Farms area, 11 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 107 employees (compared to this company's 500) and received an average PPP loan of $819,145 (compared to this company's $3.8M).
Similar Nearby Businesses Who Received PPP Funding:
E3 Case Managers, LLC
Bingham Farms, MI
Halley Orthopedic Products LLC
Franklin, MI
Health Partners, Inc.
Bingham Farms, MI
Optimal Care Inc.
Bingham Farms, MI
Professional Home Care Inc.
Bingham Farms, MI
Supportive Home Health Care LLC
Bingham Farms, MI
Angel Hospice Inc
Bingham Farms, MI
Heart To Heart Hospice Of Detroit, LLC
Bingham Farms, MI
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 Pro Care Unlimited, Inc's reported 500 employees, and received an average PPP loan of $212,236, 94% lower than this company's loan of $3.8M.
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, and is published unmodified, as provided by the SBA.
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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