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PPP Loan Data — Central Florida Family Health Center Inc, Sanford, FL

SBA PPP loan data, payroll data, and salaries for Central Florida Family Health Center Inc
FL Nonprofit Organization

Central Florida Family Health Center Inc

Entity: Non-profit Organization

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Sanford, FL

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Central Florida Family Health Center Inc is a non-profit organization located at 4930 E Lake Mary Blvd in Sanford, Florida that received a Coronavirus-related PPP loan from the SBA of $3,207,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.21M

Jobs Retained:

285

Loan Approved:

2020-04-13

Lender:

SEACOAST NATIONAL BANK

Central Florida Family Health Center Inc in Sanford, FL received a Paycheck Protection Loan of $3.21M through SEACOAST NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Central Florida Family Health Center Inc's total 2019 payroll expenses were approximately $15.39M in order to qualify for the PPP loan amount received.

Based on their reported 285 jobs retained, this equals an estimated average yearly compensation of $54,013 per employee1.

Because the loan received by Central Florida Family Health Center 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 - Central Florida Family Health Center Inc in Sanford, FL

Central Florida Family Health Center Inc
4930 E Lake Mary Blvd
Sanford, FL 32771

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-07

Similar Companies near Sanford

In the Sanford area, 18 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 285) and received an average PPP loan of $236,149 (compared to this company's $3.21M).

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, 96% lower than Central Florida Family Health Center Inc's reported 285 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.21M.

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/central-florida-family-health-center-inc-sanford-fl