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PPP Loan Data — Citrus Health Network Inc, Hialeah, FL

SBA PPP loan data, payroll data, and salaries for Citrus Health Network Inc
FL Nonprofit Organization

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:

$3.52M

Jobs Retained:

441

Loan Approved:

2020-05-03

Lender:

CITY NATIONAL BANK OF FLORIDA

Citrus 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.

Because the loan received by Citrus Health Network 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 - Citrus Health Network Inc in Hialeah, FL

Citrus Health Network Inc
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-25

Similar 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

$1.36M PPP Loan

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.

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/citrus-health-network-inc-hialeah-fl