PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — East Arkansas Family Health Center Inc, West Memphis, AR

ALERT: There are 2 PPP loans for a total of $3.88M in our database for businesses with the name "East Arkansas Family Health Center Inc" in West Memphis, AR. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for East Arkansas Family Health Center Inc
AR Nonprofit Organization

East Arkansas Family Health Center Inc

Entity: Non-profit Organization

Industry: Freestanding Ambulatory Surgical and Emergency Centers

Location: West Memphis, AR

Search All PPP Data

East Arkansas Family Health Center Inc is a non-profit organization located at 900 N 7th St in West Memphis, Arkansas that received a Coronavirus-related PPP loan from the SBA of $1,995,000.00 in March, 2021.

The company has reported itself as a Black or african american female owned non-profit, and employed at least 195 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1351438705

Loan Size:

$2M

Jobs Retained:

195

Loan Approved:

2021-03-27

Loan Status:

Ongoing Loan

Lender:

Fidelity Bank

East Arkansas Family Health Center Inc in West Memphis, AR received a Paycheck Protection Loan of $2M through Fidelity Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, East Arkansas Family Health Center Inc's 2019 payroll expenses are estimated to be at least $9.58M.

Based on their reported 195 jobs retained, this equals an estimated average yearly compensation of $49,108 per employee1

Reported PPP Proceed Usage:

On the PPP application, East Arkansas Family Health Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,994,997
  • Utilities: $1

Business Information - East Arkansas Family Health Center Inc in West Memphis, AR

East Arkansas Family Health Center Inc
900 N 7th St
West Memphis, AR 72301

Business Industry:
Freestanding Ambulatory Surgical and Emergency Centers
NAICS code 621493

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Crittenden County, AR — SBA Office 0669 — Congressional District: AR-01

Similar Companies near West Memphis

In the West Memphis area, 3 businesses in the "Freestanding Ambulatory Surgical and Emergency Centers" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 195) and received an average PPP loan of $697,502 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 3,399 businesses in the "Freestanding Ambulatory Surgical and Emergency Centers" industry received a total of $741.42M 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 20 employees, 90% lower than East Arkansas Family Health Center Inc's reported 195 employees, and received an average PPP loan of $218,130, 89% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for East Arkansas Family Health Center, Inc
AR Nonprofit Organization

East Arkansas Family Health Center, Inc

Entity: Non-profit Organization

Industry: Offices of Physicians (except Mental Health Specialists)

Location: West Memphis, AR

Search All PPP Data

East Arkansas Family Health Center, Inc is a non-profit organization located at 900 N. 7th Street in West Memphis, Arkansas that received a Coronavirus-related PPP loan from the SBA of $1,881,790.00 in April, 2020.

The company has reported itself as a Black or african american female owned non-profit, and employed at least 183 people during the applicable loan loan period.

$ PPP Loan Information
Loan #6502707109

Loan Size:

$1.88M

Jobs Retained:

183

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Fidelity Bank

East Arkansas Family Health Center, Inc in West Memphis, AR received a Paycheck Protection Loan of $1.88M through Fidelity Bank, which was approved in April, 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 February, 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, East Arkansas Family Health Center, Inc's 2019 payroll expenses are estimated to be at least $9.03M.

Based on their reported 183 jobs retained, this equals an estimated average yearly compensation of $49,358 per employee1

Reported PPP Proceed Usage:

On the PPP application, East Arkansas Family Health Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,881,790

Business Information - East Arkansas Family Health Center, Inc in West Memphis, AR

East Arkansas Family Health Center, Inc
900 N. 7th Street
West Memphis, AR 72301

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Crittenden County, AR — SBA Office 0669 — Congressional District: AR-01

Similar Companies near West Memphis

In the West Memphis area, 17 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 183) and received an average PPP loan of $202,644 (compared to this company's $1.88M).

Industry PPP Comparison Statistics

Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 94% lower than East Arkansas Family Health Center, Inc's reported 183 employees, and received an average PPP loan of $119,087, 94% lower than this company's loan of $1.88M.

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/east-arkansas-family-health-center-inc-west-memphis-ar