VA

You Care In Our Hands Home Care Agency, LLC

Entity: Limited Liability Company (LLC)

Industry: Home Health Care Services

Location: Newport News, VA

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You Care In Our Hands Home Care Agency, LLC is a limited liability company (LLC) located at 6022 Jefferson Ave Suite 203 in Newport News, Virginia that received a Coronavirus-related PPP loan from the SBA of $29,200.00 in May, 2020.

$ PPP Loan Information

Loan #3722037401

You Care In Our Hands Home Care Agency, LLC in Newport News, VA received a Paycheck Protection Loan of $29,200 through Newport News Shipbuilding Empl CU Inc d/b/a BayPort CU, which was approved in May, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, You Care In Our Hands Home Care Agency, LLC's 2019 payroll expenses are estimated to be at least $140,160.

Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $7,377 per employee¹

Reported PPP Proceed Usage:

On the PPP application, You Care In Our Hands Home Care Agency, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

• Payroll: $29,200

Business Information - You Care In Our Hands Home Care Agency, LLC in Newport News, VA

Similar Companies near Newport News

In the Newport News area, 24 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 19) and received an average PPP loan of $143,884 (compared to this company's $29,200).

Industry PPP Comparison Statistics

Nationwide, 87,627 businesses in the "Home Health Care Services" industry received a total of $7.58B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 16 employees, 16% lower than You Care In Our Hands Home Care Agency, LLC's reported 19 employees, and received an average PPP loan of $86,486, 196% higher than this company's loan of $29,200.