We Care Senior Care, Inc. in Green Bay, WI - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — We Care Senior Care, Inc., Green Bay, WI

We Care Senior Care, Inc.

Entity: Subchapter S Corporation

Industry: Home Health Care Services

Location: Green Bay, WI

We Care Senior Care, Inc. is a subchapter s corporation located at 901 Anderson Drive in Green Bay, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,528,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.53M

Jobs Retained:

500

Loan Approved:

2020-04-11

Lender:

INVESTORS COMMUNITY BANK

We Care Senior Care, Inc. received a Paycheck Protection Loan of $2.53M through INVESTORS COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, We Care Senior Care, Inc.'s total 2019 payroll expenses were approximately $12.14M 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 $24,272 per employee¹.

Because the loan received by We Care Senior Care, 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 - We Care Senior Care, Inc. in Green Bay, WI

We Care Senior Care, Inc.
901 Anderson Drive
Green Bay, WI 54324

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-08

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 We Care Senior Care, Inc.'s reported 500 employees, and received an average PPP loan of $212,236, 92% lower than this company's loan of $2.53M.

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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