PPP Loan Data — Traditional Home Health And Hospice, Scranton, PA
Traditional Home Health And Hospice is a subchapter s corporation located at 113 W Drinker St in Scranton, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,108,600.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 215 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Peoples Security Bank and Trust Company
Traditional Home Health And Hospice in Scranton, PA received a Paycheck Protection Loan of $2.11M through Peoples Security Bank and Trust Company, which was approved in April, 2020.
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, Traditional Home Health And Hospice's 2019 payroll expenses are estimated to be at least $10.12M.
Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $47,076 per employee1
Reported PPP Proceed Usage:
On the PPP application, Traditional Home Health And Hospice reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,108,600
Business Information - Traditional Home Health And Hospice in Scranton, PA
113 W Drinker St
Scranton, PA 18512
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Scranton
In the Scranton area, 4 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 96 employees (compared to this company's 215) and received an average PPP loan of $698,579 (compared to this company's $2.11M).
Similar Nearby Businesses Who Received PPP Funding:
TP Care Inc
Traditional Home Care LLC
Alpha Medicor Health Group 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, 93% lower than Traditional Home Health And Hospice's reported 215 employees, and received an average PPP loan of $83,373, 96% lower than this company's loan of $2.11M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!