PPP Loan Data — Tendercare Home Health Service, Indianapolis, IN
Tendercare Home Health Service is a corporation located at 6308 Ruckers Road, Suite D in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,351,718.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 367 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Tendercare Home Health Service in Indianapolis, IN received a Paycheck Protection Loan of $2.35M through CIBM Bank, 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 May, 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, Tendercare Home Health Service's 2019 payroll expenses are estimated to be at least $11.29M.
Based on their reported 367 jobs retained, this equals an estimated average yearly compensation of $30,758 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tendercare Home Health Service reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,351,718
Business Information - Tendercare Home Health Service in Indianapolis, IN
6308 Ruckers Road, Suite D
Indianapolis, IN 46220
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Indianapolis
In the Indianapolis area, 24 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 367) and received an average PPP loan of $301,414 (compared to this company's $2.35M).
Similar Nearby Businesses Who Received PPP Funding:
Unique Personal Care Incorporated
Acme Health Services Inc
My Mobile Diagnostics LLC
Life's Touch Home Health Inc
My Mobile MD Northern Indiana LLC
PRN Staffing LLC
Anointed Touch Home Healthcare LLC
Life At Home Personal Care Services LLC
Indiana Association For Home And Hospice Care Inc
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, 96% lower than Tendercare Home Health Service's reported 367 employees, and received an average PPP loan of $83,373, 96% lower than this company's loan of $2.35M.
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Footnotes & Information
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