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PPP Loan Data — Simple Touches Home Care, Philadelphia, PA

ALERT: There are 2 PPP loans for a total of $15,542 in our database for businesses with the name "Simple Touches Home Care" in Philadelphia, PA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Simple Touches Home Care
PA

Simple Touches Home Care

Entity: Limited Liability Company (LLC)

Industry: Home Health Care Services

Location: Philadelphia, PA

Search All PPP Data

Simple Touches Home Care is a limited liability company (LLC) located in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,042.00 in April, 2021.

$ PPP Loan Information
Loan #1883858801

Loan Size:

$1,042

Jobs Retained:

1

Loan Approved:

2021-04-11

Loan Status:

Active Un-Disbursed

Lender:

Itria Ventures LLC
PPP Funds Undisbursed

Simple Touches Home Care in Philadelphia, PA received a Paycheck Protection Loan of $1,042 through Itria Ventures LLC, which was approved in April, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $1,042 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in April, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Simple Touches Home Care reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,042

Business Information - Simple Touches Home Care in Philadelphia, PA

Simple Touches Home Care
Philadelphia, PA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Home Health Care Services
NAICS code 621610

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Philadelphia County, PA — SBA Office 0303 — Congressional District: PA-03

Similar Companies near Philadelphia

In the Philadelphia area, 18 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 78 employees (compared to this company's 1) and received an average PPP loan of $556,644 (compared to this company's $1,042).

Industry PPP Comparison Statistics

Nationwide, 92,694 businesses in the "Home Health Care Services" industry received a total of $7.69B 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, 1400% higher than Simple Touches Home Care's reported 1 employees, and received an average PPP loan of $82,929, 7859% higher than this company's loan of $1,042.

SBA PPP loan data, payroll data, and salaries for Simple Touches Home Care
PA

Simple Touches Home Care

Entity: Limited Liability Company (LLC)

Industry: Home Health Care Services

Location: Philadelphia, PA

Search All PPP Data

Simple Touches Home Care is a limited liability company (LLC) located in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $14,500.00 in February, 2021.

$ PPP Loan Information
Loan #6910978409

Loan Size:

$14,500

Jobs Retained:

1

Loan Approved:

2021-02-11

Loan Status:

Ongoing Loan

Lender:

Itria Ventures LLC

Simple Touches Home Care in Philadelphia, PA received a Paycheck Protection Loan of $14,500 through Itria Ventures LLC, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Simple Touches Home Care reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $14,500

Business Information - Simple Touches Home Care in Philadelphia, PA

Simple Touches Home Care
Philadelphia, PA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Home Health Care Services
NAICS code 621610

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Philadelphia County, PA — SBA Office 0303 — Congressional District: PA-03

Similar Companies near Philadelphia

In the Philadelphia area, 18 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 78 employees (compared to this company's 1) and received an average PPP loan of $556,644 (compared to this company's $14,500).

Industry PPP Comparison Statistics

Nationwide, 92,694 businesses in the "Home Health Care Services" industry received a total of $7.69B 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, 1400% higher than Simple Touches Home Care's reported 1 employees, and received an average PPP loan of $82,929, 472% higher than this company's loan of $14,500.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/simple-touches-home-care-philadelphia-pa