JAN CARE AMBULANCE INC
PPP Loan approved Apr 27, 2020 through First Community Bank
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $3,885,044.00 | 97.0% |
| Utilities | $40,052.00 | 1.0% |
| Mortgage Interest | $80,104.00 | 2.0% |
About This Loan
JAN CARE AMBULANCE INC received a PPP loan of $4,005,200 approved on Apr 27, 2020. The loan was originated by First Community Bank.
JAN CARE AMBULANCE INC is a corporation located in BECKLEY, West Virginia. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Other Ambulatory Health Care Services industry (NAICS 621910), part of the Health Care and Social Assistance sector of the economy. The applicant reported 413 jobs as retained through this loan.
The SBA forgave $4,088,157.02 of this loan — 102.1% of the total approved amount, with forgiveness recorded on May 26, 2022. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $3,885,044 to payroll, $40,052 to utilities, $80,104 to mortgage interest. The payroll component represents 97.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in West Virginia, visit the West Virginia page. To compare this loan with others in the same industry, see the Other Ambulatory Health Care Services industry page.