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PPP Loan Data — American Healthcare Management Services, LLC, Clive, IA

SBA PPP loan data, payroll data, and salaries for American Healthcare Management Services, LLC
IA

American Healthcare Management Services, LLC

Entity: Limited Liability Company (LLC)

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Clive, IA

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American Healthcare Management Services, LLC is a limited liability company (LLC) located at 1370 Nw 114th Street, Suite 100 in Clive, Iowa that received a Coronavirus-related PPP loan from the SBA of $7,293,380.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.29M

Jobs Retained:

500

Loan Approved:

2020-04-15

Lender:

CIBC BANK USA

American Healthcare Management Services, LLC received a Paycheck Protection Loan of $7.29M through CIBC BANK USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, American Healthcare Management Services, LLC's total 2019 payroll expenses were approximately $35.01M 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 $70,016 per employee1.

Because the loan received by American Healthcare Management Services, LLC 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 Healthcare Management Services, LLC in Clive, IA

American Healthcare Management Services, LLC
1370 Nw 114th Street, Suite 100
Clive, IA 50325

Business Industry

Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IA-03

Industry PPP Comparison Statistics

Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 66 employees, 87% lower than American Healthcare Management Services, LLC's reported 500 employees, and received an average PPP loan of $557,944, 92% lower than this company's loan of $7.29M.

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.

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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/american-healthcare-management-services-llc-clive-ia