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PPP Loan Data — Victory Support Services, Inc, Philadelphia, PA

SBA PPP loan data, payroll data, and salaries for Victory Support Services, Inc
PA

Victory Support Services, Inc

Entity: Corporation

Industry: Home Health Care Services

Location: Philadelphia, PA

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Victory Support Services, Inc is a corporation located at 935 N. 42nd St in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $68,759.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$68,759

Jobs Retained:

19

Loan Approved:

2020-05-20

Lender:

THE ENTERPRISE CENTER CAPITAL CORPORATION

Victory Support Services, Inc received a Paycheck Protection Loan of $68,759 through THE ENTERPRISE CENTER CAPITAL CORPORATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Victory Support Services, Inc's total 2019 payroll expenses were approximately $330,043 in order to qualify for the PPP loan amount received.

Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $17,371 per employee1.

Business Information - Victory Support Services, Inc in Philadelphia, PA

Victory Support Services, Inc
935 N. 42nd St
Philadelphia, PA 19104

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-03

Similar Companies near Philadelphia

In the Philadelphia area, 7 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 110 employees (compared to this company's 19) and received an average PPP loan of $1,136,638 (compared to this company's $68,759).

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, 79% higher than Victory Support Services, Inc's reported 19 employees, and received an average PPP loan of $212,236, 209% higher than this company's loan of $68,759.

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/victory-support-services-inc-philadelphia-pa