PPP Loan Data — Compass Health, LLC, Crowley, LA
Compass Health, LLC is a limited liability company (LLC) located at 713 N. Avenue L in Crowley, Louisiana that received a Coronavirus-related PPP loan from the SBA of $4,780,450.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:HOME BANK, NATIONAL ASSOCIATION
Compass Health, LLC in Crowley, LA received a Paycheck Protection Loan of $4.78M through HOME BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Compass Health, LLC's total 2019 payroll expenses were approximately $22.95M 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 $45,892 per employee1.
Business Information - Compass Health, LLC in Crowley, LA
713 N. Avenue L
Crowley, LA 70526
Psychiatric and Substance Abuse Hospitals (NAICS code 622210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: VETERANCongressional District: LA-03
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, 93% lower than Compass Health, LLC's reported 500 employees, and received an average PPP loan of $351,053, 93% lower than this company's loan of $4.78M.
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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