PPP Loan Data — Cognitive Hcbs, LLC, Shreveport, LA
Cognitive Hcbs, LLC
Entity: Limited Liability Company (LLC)
Location: Shreveport, LATweet This • Search All PPP Data
Cognitive Hcbs, LLC is a limited liability company (LLC) located at 425 Ashley Ridge Blvd Ste 340 in Shreveport, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,655,000.00 in April, 2020.
$ PPP Loan Information
Lender:HANCOCK WHITNEY BANK
Cognitive Hcbs, LLC in Shreveport, LA received a Paycheck Protection Loan of $2.66M through HANCOCK WHITNEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cognitive Hcbs, LLC's total 2019 payroll expenses were approximately $12.74M 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 $44,716 per employee1.
Business Information - Cognitive Hcbs, LLC in Shreveport, LA
425 Ashley Ridge Blvd Ste 340
Shreveport, LA 71106
Offices of Mental Health Practitioners (except Physicians) (NAICS code 621330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-04
Similar Companies near Shreveport
In the Shreveport area, 16 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 285) and received an average PPP loan of $396,671 (compared to this company's $2.66M).
Similar Nearby Businesses Who Received PPP Funding:
New Choice Counseling Center, LLC
Jennifer F Hodges-Crowder, PHD
Shelley Visconte, Psychologist, LLC
Jennifer Russell DBA Jennifer L Russell Psychologist LLC
Arklatex Aba, LLC
Kindled Keys Of Counseling LLC
Interactional Services, Inc.
Industry PPP Comparison Statistics
Nationwide, 19,828 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a total of $847,562,029.00 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 4 employees, 99% lower than Cognitive Hcbs, LLC's reported 285 employees, and received an average PPP loan of $42,746, 98% lower than this company's loan of $2.66M.
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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