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PPP Loan Data — Advanced Healthcare, PLLC, Fort Collins, CO

SBA PPP loan data, payroll data, and salaries for Advanced Healthcare, PLLC
CO

Advanced Healthcare, PLLC

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Fort Collins, CO

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Advanced Healthcare, PLLC is a corporation located at 2531 S Shields St Ste 2j in Fort Collins, Colorado that received a Coronavirus-related PPP loan from the SBA of $79,800.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$79,800

Jobs Retained:

10

Loan Approved:

2020-04-28

Lender:

BANK OF COLORADO

Advanced Healthcare, PLLC received a Paycheck Protection Loan of $79,800 through BANK OF COLORADO, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Advanced Healthcare, PLLC's total 2019 payroll expenses were approximately $383,040 in order to qualify for the PPP loan amount received.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $38,304 per employee1.

Business Information - Advanced Healthcare, PLLC in Fort Collins, CO

Advanced Healthcare, PLLC
2531 S Shields St Ste 2j
Fort Collins, CO 80526

Business Industry

Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CO-02

Similar Companies near Fort Collins

In the Fort Collins area, 29 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 10) and received an average PPP loan of $531,065 (compared to this company's $79,800).

Industry PPP Comparison Statistics

Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, the same amount reported by Advanced Healthcare, PLLC and received an average PPP loan of $138,136, 73% higher than this company's loan of $79,800.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/advanced-healthcare-pllc-fort-collins-co