PPP Loan Data — American Health Associates, Inc., Fort Lauderdale, FL
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
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.
Business Information - American Health Associates, Inc. in Fort Lauderdale, FL
15712 Sw 41 Street
Fort Lauderdale, FL 33331
Medical Laboratories (NAICS code 621511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Scientific Laboratory Company, LLC
Southwest Ranches, FL
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.
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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