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PPP Loan Data — Tendercare Home Health Service, Indianapolis, IN

SBA PPP loan data, payroll data, and salaries for Tendercare Home Health Service
IN

Tendercare Home Health Service

Entity: Corporation

Industry: Home Health Care Services

Location: Indianapolis, IN

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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.

$ PPP Loan Information

Loan Size:

$2.35M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-13

Lender:

CIBM BANK

Tendercare Home Health Service received a Paycheck Protection Loan of $2.35M through CIBM BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Tendercare Home Health Service's total 2019 payroll expenses were approximately $11.29M in order to qualify for the PPP loan amount received.

Unlike most businesses, Tendercare Home Health Service's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Tendercare Home Health Service 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 - Tendercare Home Health Service in Indianapolis, IN

Tendercare Home Health Service
6308 Ruckers Road, Suite D
Indianapolis, IN 46220

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: IN-05

Similar Companies near Indianapolis

In the Indianapolis area, 9 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 82 employees (compared to this company's 0) and received an average PPP loan of $662,372 (compared to this company's $2.35M).

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, and received an average PPP loan of $212,236, 91% lower than this company's loan of $2.35M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/tendercare-home-health-service-indianapolis-in