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PPP Loan Data — Eqhealth Solutions, LLC,
Baton Rouge, LA
Eqhealth Solutions, LLC
Entity: Limited Liability Company (LLC)
Industry: Other Management Consulting Services
Location: Baton Rouge, LA
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Eqhealth Solutions, LLC is a limited liability company (LLC) located at 8440 Jefferson Hwy Ste 101 in Baton Rouge, Louisiana that received a Coronavirus-related PPP loan from the SBA of $5,793,243.00 in May, 2020.
$
PPP Loan Information
Loan #2972167708
Loan Size:
Jobs Retained:
356Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationEqhealth Solutions, LLC in Baton Rouge, LA received a Paycheck Protection Loan of $5.79M 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 July, 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 MoreUnderstanding 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 MoreBased 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, Eqhealth Solutions, LLC's 2019 payroll expenses are estimated to be at least $27.81M.
Based on their reported 356 jobs retained, this equals an estimated average yearly compensation of $78,111 per employee1
Reported PPP Proceed Usage:
On the PPP application, Eqhealth Solutions, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,167,435
- Utilities: $15,044
- Rent: $223,075
- Health Care: $387,689
Business Information - Eqhealth Solutions, LLC in Baton Rouge, LA
8440 Jefferson Hwy Ste 101
Baton Rouge, LA 70809
Business Industry:
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Eqhealth Solutions, LLC.
Eqhealth Advisewell Inc
All Other Miscellaneous Ambulatory Health Care Services
Similar Companies near Baton Rouge
In the Baton Rouge area, 43 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 356) and received an average PPP loan of $182,107 (compared to this company's $5.79M).
Similar Nearby Businesses Who Received PPP Funding:
SEC Consulting LLC
Baton Rouge, LA
Roco Rescue, Inc
Baton Rouge, LA
Optinet Resources LLC
Baton Rouge, LA
Parish Lending
Baton Rouge, LA
LHD Consulting LLC
Baton Rouge, LA
Westbrook Benefits Group, LLC
Baton Rouge, LA
Chadler Cornett
Baton Rouge, LA
Brooks Thompson Consulting, LLC
Baton Rouge, LA
Document Logistics, LLC
Baton Rouge, LA
Industry PPP Comparison Statistics
Nationwide, 82,139 businesses in the "Other Management Consulting Services" industry received a total of $3.69B 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 4 employees, 99% lower than Eqhealth Solutions, LLC's reported 356 employees, and received an average PPP loan of $44,892, 99% lower than this company's loan of $5.79M.
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.
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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