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PPP Loan Data — T & N Reliable Nursing Care LLC, Washington, DC

SBA PPP loan data, payroll data, and salaries for T & N Reliable Nursing Care LLC
DC

T & N Reliable Nursing Care LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of All Other Miscellaneous Health Practitioners

Location: Washington, DC

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T & N Reliable Nursing Care LLC is a limited liability company (LLC) located at 3500 18th St Ne in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $3,029,988.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.03M

Jobs Retained:

500

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

T & N Reliable Nursing Care LLC received a Paycheck Protection Loan of $3.03M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, T & N Reliable Nursing Care LLC's total 2019 payroll expenses were approximately $14.54M 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 $29,088 per employee1.

Because the loan received by T & N Reliable Nursing Care LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - T & N Reliable Nursing Care LLC in Washington, DC

T & N Reliable Nursing Care LLC
3500 18th St Ne
Washington, DC 20018

Business Industry

Offices of All Other Miscellaneous Health Practitioners (NAICS code 621399)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: DC-

Similar Companies near Washington

In the Washington area, 6 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 86 employees (compared to this company's 500) and received an average PPP loan of $551,641 (compared to this company's $3.03M).

Industry PPP Comparison Statistics

Nationwide, 30,902 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $1,607,882,026.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 99% lower than T & N Reliable Nursing Care LLC's reported 500 employees, and received an average PPP loan of $52,032, 98% lower than this company's loan of $3.03M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/t-and-n-reliable-nursing-care-llc-washington-dc