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PPP Loan Data — Visiting Nurse Health Systems Inc, Atlanta, GA

SBA PPP loan data, payroll data, and salaries for Visiting Nurse Health Systems Inc
GA

Visiting Nurse Health Systems Inc

Entity: Corporation

Industry: Home Health Care Services

Location: Atlanta, GA

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Visiting Nurse Health Systems Inc is a corporation located at 5775 Glenridge Drive Ne Suite E200 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,494,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.49M

Jobs Retained:

355

Loan Approved:

2020-04-07

Lender:

FIRST HORIZON BANK

Visiting Nurse Health Systems Inc in Atlanta, GA received a Paycheck Protection Loan of $4.49M through FIRST HORIZON BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Visiting Nurse Health Systems Inc's total 2019 payroll expenses were approximately $21.57M in order to qualify for the PPP loan amount received.

Based on their reported 355 jobs retained, this equals an estimated average yearly compensation of $60,767 per employee1.

Because the loan received by Visiting Nurse Health Systems Inc 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 - Visiting Nurse Health Systems Inc in Atlanta, GA

Visiting Nurse Health Systems Inc
5775 Glenridge Drive Ne Suite E200
Atlanta, GA 30328

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-06

Similar Companies near Atlanta

In the Atlanta area, 14 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 355) and received an average PPP loan of $393,320 (compared to this company's $4.49M).

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, 90% lower than Visiting Nurse Health Systems Inc's reported 355 employees, and received an average PPP loan of $212,236, 95% lower than this company's loan of $4.49M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/visiting-nurse-health-systems-inc-atlanta-ga