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PPP Loan Data — Queens Homecare Agency Inc.,
New York, NY
Queens Homecare Agency Inc.
Entity: Corporation
Industry: Home Health Care Services
Location: New York, NY
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Queens Homecare Agency Inc. is a corporation located at 2 East Broadway 801/802 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $4,015,000.00 in July, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
480Loan Approved:
2020-07-30Lender:
FLUSHING BANKQueens Homecare Agency Inc. received a Paycheck Protection Loan of $4.02M through FLUSHING BANK, which was approved in July, 2020.
Based on standard PPP eligibility rules, Queens Homecare Agency Inc.'s total 2019 payroll expenses were approximately $19.27M in order to qualify for the PPP loan amount received.
Based on their reported 480 jobs retained, this equals an estimated average yearly compensation of $40,150 per employee1.
Business Information - Queens Homecare Agency Inc. in New York, NY
2 East Broadway 801/802
New York, NY 10038
Business Industry
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-10Similar Companies near New York
In the New York area, 4 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 130 employees (compared to this company's 480) and received an average PPP loan of $1,160,000 (compared to this company's $4.02M).
Similar Nearby Businesses Who Received PPP Funding:
Square One Management Associates, LLC
New York, NY
Carepark Home Care LLC
Nyc, NY
Rejuvenate Body And Healing
New York, NY
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 Queens Homecare Agency Inc.'s reported 480 employees, and received an average PPP loan of $212,236, 95% lower than this company's loan of $4.02M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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