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PPP Loan Data — Concentric Healthcare Solutions LLC, Scottsdale, AZ

SBA PPP loan data, payroll data, and salaries for Concentric Healthcare Solutions LLC
AZ

Concentric Healthcare Solutions LLC

Entity: Limited Liability Company (LLC)

Industry: Employment Placement Agencies

Location: Scottsdale, AZ

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Concentric Healthcare Solutions LLC is a limited liability company (LLC) located at 4250 N Drinkwater Blvd Ste 100 in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $3,258,500.00 in May, 2020.

The company has reported itself as a male owned business, and employed at least 294 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2448357710

Loan Size:

$3.26M

Jobs Retained:

294

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

JPMorgan Chase Bank, National Association

Concentric Healthcare Solutions LLC in Scottsdale, AZ received a Paycheck Protection Loan of $3.26M through JPMorgan Chase Bank, National Association, which was approved in May, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Concentric Healthcare Solutions LLC's 2019 payroll expenses are estimated to be at least $15.64M.

Based on their reported 294 jobs retained, this equals an estimated average yearly compensation of $53,200 per employee1

Reported PPP Proceed Usage:

On the PPP application, Concentric Healthcare Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,170,893
  • Rent: $34,011
  • Health Care: $53,596
Because the loan received by Concentric Healthcare Solutions LLC 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 - Concentric Healthcare Solutions LLC in Scottsdale, AZ

Concentric Healthcare Solutions LLC
4250 N Drinkwater Blvd Ste 100
Scottsdale, AZ 85251

Business Industry:
Employment Placement Agencies
NAICS code 561311

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Maricopa County, AZ — SBA Office 0988 — Congressional District: AZ-06

Similar Companies near Scottsdale

In the Scottsdale area, 8 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 86 employees (compared to this company's 294) and received an average PPP loan of $903,279 (compared to this company's $3.26M).

Industry PPP Comparison Statistics

Nationwide, 12,514 businesses in the "Employment Placement Agencies" industry received a total of $3.47B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 35 employees, 88% lower than Concentric Healthcare Solutions LLC's reported 294 employees, and received an average PPP loan of $277,549, 91% lower than this company's loan of $3.26M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/concentric-healthcare-solutions-llc-scottsdale-az