PPP Loan Data — Proactive Home Care, Inc, Wichita, KS
Proactive Home Care, Inc is a subchapter s corporation located at 3450 N Rock Rd Bldg 200 Ste 213 in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,000,542.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Central Bank of the Ozarks
Proactive Home Care, Inc in Wichita, KS received a Paycheck Protection Loan of $2M through Central Bank of the Ozarks, which was approved in June, 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, Proactive Home Care, Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 283 jobs retained, this equals an estimated average yearly compensation of $33,931 per employee1
Reported PPP Proceed Usage:
On the PPP application, Proactive Home Care, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,542
Business Information - Proactive Home Care, Inc in Wichita, KS
3450 N Rock Rd Bldg 200 Ste 213
Wichita, KS 67226
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Wichita
In the Wichita area, 7 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 283) and received an average PPP loan of $407,431 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Apex Home Care, LLC
Bel Aire, KS
Progressive Home Health Care I
Advanced Mobile Healthcare, 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, 95% lower than Proactive Home Care, Inc's reported 283 employees, and received an average PPP loan of $83,373, 96% lower than this company's loan of $2M.
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Footnotes & Information
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