PPP Loan Data — Suncrest Hospice San Jose, LLC, Sandy, UT
Suncrest Hospice San Jose, LLC is a limited liability company (LLC) located at 6800 S. Monroe Street, Suite 809 in Sandy, Utah that received a Coronavirus-related PPP loan from the SBA of $2,685,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Mountain America FCU
Suncrest Hospice San Jose, LLC in Sandy, UT received a Paycheck Protection Loan of $2.69M through Mountain America FCU, which was approved in April, 2020.
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.
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, Suncrest Hospice San Jose, LLC's 2019 payroll expenses are estimated to be at least $12.89M.
Based on their reported 167 jobs retained, this equals an estimated average yearly compensation of $77,197 per employee1
Reported PPP Proceed Usage:
On the PPP application, Suncrest Hospice San Jose, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,685,800
Business Information - Suncrest Hospice San Jose, LLC in Sandy, UT
6800 S. Monroe Street, Suite 809
Sandy, UT 84070
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sandy
In the Sandy area, 14 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 167) and received an average PPP loan of $498,890 (compared to this company's $2.69M).
Similar Nearby Businesses Who Received PPP Funding:
Suncrest Hospice, LLC
Suncrest Hospice Pittsburgh, LLC
Suncrest Hospice Illinois, LLC
Brighton G&B Holdings Inc
Brighton Hospice Indiana, LLC
Suncrest Hospice San Antonio, LLC
Suncrest Hospice Utah, LLC
Brighton Hospice Wisconsin, 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, 91% lower than Suncrest Hospice San Jose, LLC's reported 167 employees, and received an average PPP loan of $83,373, 97% lower than this company's loan of $2.69M.
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Footnotes & Information
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