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PPP Loan Data — Citrus Health Network Inc,
Hialeah, FL
Citrus Health Network Inc
Entity: Non-profit Organization
Industry: Psychiatric and Substance Abuse Hospitals
Location: Hialeah, FL
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Citrus Health Network Inc is a non-profit organization located at 4175 W 20th Ave in Hialeah, Florida that received a Coronavirus-related PPP loan from the SBA of $3,518,400.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
441Loan Approved:
2020-05-03Lender:
CITY NATIONAL BANK OF FLORIDACitrus Health Network Inc in Hialeah, FL received a Paycheck Protection Loan of $3.52M through CITY NATIONAL BANK OF FLORIDA, which was approved in May, 2020.
Based on standard PPP eligibility rules, Citrus Health Network Inc's total 2019 payroll expenses were approximately $16.89M in order to qualify for the PPP loan amount received.
Based on their reported 441 jobs retained, this equals an estimated average yearly compensation of $38,296 per employee1.
Business Information - Citrus Health Network Inc in Hialeah, FL
4175 W 20th Ave
Hialeah, FL 33012
Business Industry
Psychiatric and Substance Abuse Hospitals (NAICS code 622210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-25Similar Companies near Hialeah
In the Hialeah area, 2 businesses in the "Psychiatric and Substance Abuse Hospitals" industry received a PPP loan. These local businesses reported an average of 318 employees (compared to this company's 441) and received an average PPP loan of $2,436,997 (compared to this company's $3.52M).
Similar Nearby Businesses Who Received PPP Funding:
Southern Winds Hospital LLC
Hialeah, FL
Industry PPP Comparison Statistics
Nationwide, 767 businesses in the "Psychiatric and Substance Abuse Hospitals" industry received a total of $269,257,685.00 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 34 employees, 92% lower than Citrus Health Network Inc's reported 441 employees, and received an average PPP loan of $351,053, 90% lower than this company's loan of $3.52M.
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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