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PPP Loan Data — American Health Associates, Inc., Fort Lauderdale, FL

SBA PPP loan data, payroll data, and salaries for American Health Associates, Inc.
FL

American Health Associates, Inc.

Entity: Subchapter S Corporation

Industry: Medical Laboratories

Location: Fort Lauderdale, FL

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American Health Associates, Inc. is a subchapter s corporation located at 15712 Sw 41 Street in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $4,630,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.63M

Jobs Retained:

500

Loan Approved:

2020-04-27

Lender:

CITY NATIONAL BANK OF FLORIDA

American Health Associates, Inc. in Fort Lauderdale, FL received a Paycheck Protection Loan of $4.63M through CITY NATIONAL BANK OF FLORIDA, which was approved in April, 2020.

Based on standard PPP eligibility rules, American Health Associates, Inc.'s total 2019 payroll expenses were approximately $22.23M 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 $44,457 per employee1.

Because the loan received by American Health Associates, 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 - American Health Associates, Inc. in Fort Lauderdale, FL

American Health Associates, Inc.
15712 Sw 41 Street
Fort Lauderdale, FL 33331

Business Industry

Medical Laboratories (NAICS code 621511)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-23

Similar Companies near Fort Lauderdale

In the Fort Lauderdale area, 3 businesses in the "Medical Laboratories" industry received a PPP loan. These local businesses reported an average of 215 employees (compared to this company's 500) and received an average PPP loan of $2,032,712 (compared to this company's $4.63M).

Industry PPP Comparison Statistics

Nationwide, 3,529 businesses in the "Medical Laboratories" industry received a total of $652,578,027.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 15 employees, 97% lower than American Health Associates, Inc.'s reported 500 employees, and received an average PPP loan of $184,919, 96% lower than this company's loan of $4.63M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/american-health-associates-inc-fort-lauderdale-fl