PPP Loan Data — Summit Home Health Care, Inc., Brooklyn, NY
Summit Home Health Care, Inc. is a subchapter s corporation located at 1797 Coney Island Ave in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $4,906,120.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TRANSPORTATION ALLIANCE BANK, INC. D/B/A TAB BANK, INC.
Summit Home Health Care, Inc. in Brooklyn, NY received a Paycheck Protection Loan of $4.91M through TRANSPORTATION ALLIANCE BANK, INC. D/B/A TAB BANK, INC., which was approved in April, 2020.
Based on standard PPP eligibility rules, Summit Home Health Care, Inc.'s total 2019 payroll expenses were approximately $23.55M 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 $47,099 per employee1.
Business Information - Summit Home Health Care, Inc. in Brooklyn, NY
1797 Coney Island Ave
Brooklyn, NY 11230
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: NY-09
Similar Companies near Brooklyn
In the Brooklyn area, 13 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 205 employees (compared to this company's 500) and received an average PPP loan of $1,592,374 (compared to this company's $4.91M).
Similar Nearby Businesses Who Received PPP Funding:
Sterling Staffing Inc.
David York Agency LTD
Aide4U Homecare, Inc.
Life Care Services, Inc.
Stay At Home Solutions Inc
Future Care Health Services, Inc.
Summit Home Healthcare Inc.
New Century Home Care, Inc
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 Summit Home Health Care, Inc.'s reported 500 employees, and received an average PPP loan of $212,236, 96% lower than this company's loan of $4.91M.
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Footnotes & Information
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