PPP Loan Data — Welcome Care Inc, Brooklyn, NY
Welcome Care Inc is a corporation located at 1090 Coney Island Avenue 3rd Floor in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,568,700.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:STERLING NATIONAL BANK
Welcome Care Inc received a Paycheck Protection Loan of $2.57M through STERLING NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Welcome Care Inc's total 2019 payroll expenses were approximately $12.33M in order to qualify for the PPP loan amount received.
Unlike most businesses, Welcome Care Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Welcome Care Inc in Brooklyn, NY
1090 Coney Island Avenue 3rd Floor
Brooklyn, NY 11230
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-09
Similar Companies near Brooklyn
In the Brooklyn area, 13 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 205 employees (compared to this company's 0) and received an average PPP loan of $1,592,374 (compared to this company's $2.57M).
Similar Nearby Businesses Who Received PPP Funding:
Summit Home Healthcare Inc.
Life Care Services, Inc.
Future Care Health Services, Inc.
Tender Care Professional Services, Inc
Stay At Home Solutions Inc
New Century Home Care, Inc
Summit Home Health Care, Inc.
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, and received an average PPP loan of $212,236, 92% lower than this company's loan of $2.57M.
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Footnotes & Information
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