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PPP Loan Data — Vitacare Home Health Inc, Feasterville, PA

SBA PPP loan data, payroll data, and salaries for Vitacare Home Health Inc
PA

Vitacare Home Health Inc

Entity: Corporation

Industry: Home Health Care Services

Location: Feasterville, PA

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Vitacare Home Health Inc is a corporation located at 255 East Street Rd in Feasterville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,000,000.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3M

Jobs Retained:

500

Loan Approved:

2020-05-01

Lender:

TD BANK, NATIONAL ASSOCIATION

Vitacare Home Health Inc received a Paycheck Protection Loan of $3M through TD BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Vitacare Home Health Inc's total 2019 payroll expenses were approximately $14.4M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $28,800 per employee1.

Because the loan received by Vitacare Home Health 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 - Vitacare Home Health Inc in Feasterville, PA

Vitacare Home Health Inc
255 East Street Rd
Feasterville, PA 19053

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-01

Similar Companies near Feasterville

In the Feasterville area, 13 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 500) and received an average PPP loan of $605,134 (compared to this company's $3M).

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, 93% lower than Vitacare Home Health Inc's reported 500 employees, and received an average PPP loan of $212,236, 93% lower than this company's loan of $3M.

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.

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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/vitacare-home-health-inc-feasterville-pa