PPP Loan Data — Safe At Home Senior Care, Centreville, MD
Safe At Home Senior Care is a corporation located at 704 Burrisville Rd in Centreville, Maryland that received a Coronavirus-related PPP loan from the SBA of $24,876.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Safe At Home Senior Care in Centreville, MD received a Paycheck Protection Loan of $24,876 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in June, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
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, Safe At Home Senior Care's 2019 payroll expenses are estimated to be at least $119,405.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,802 per employee1
Reported PPP Proceed Usage:
On the PPP application, Safe At Home Senior Care reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,876
Business Information - Safe At Home Senior Care in Centreville, MD
704 Burrisville Rd
Centreville, MD 21617
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: Rural
Similar Companies near Centreville
In the Centreville area, 3 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $9,306 (compared to this company's $24,876).
Similar Nearby Businesses Who Received PPP Funding:
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, 400% higher than Safe At Home Senior Care's reported 3 employees, and received an average PPP loan of $83,373, 235% higher than this company's loan of $24,876.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!