PPP Loan Data — Tender Care Pediatric Services Inc, Loveland, CO
Tender Care Pediatric Services Inc is a corporation located at 5677 Boeing Dr in Loveland, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,637,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Tender Care Pediatric Services Inc in Loveland, CO received a Paycheck Protection Loan of $1.64M through JPMorgan Chase Bank, National Association, which was approved in April, 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 March, 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, Tender Care Pediatric Services Inc's 2019 payroll expenses are estimated to be at least $7.86M.
Based on their reported 184 jobs retained, this equals an estimated average yearly compensation of $42,717 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tender Care Pediatric Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,477,500
- Utilities: $12,000
- Rent: $43,000
- Health Care: $105,000
Business Information - Tender Care Pediatric Services Inc in Loveland, CO
5677 Boeing Dr
Loveland, CO 80538
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: Urban
Similar Companies near Loveland
In the Loveland area, 11 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 184) and received an average PPP loan of $247,485 (compared to this company's $1.64M).
Similar Nearby Businesses Who Received PPP Funding:
GSD Initiative, LLC
R&R Enterprise LLC
JJK Enterprise Inc
Gary A Lamotte, MD, PLLC
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, 92% lower than Tender Care Pediatric Services Inc's reported 184 employees, and received an average PPP loan of $83,373, 95% lower than this company's loan of $1.64M.
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Footnotes & Information
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