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PPP Loan Data — Eqhealth Solutions, LLC, Baton Rouge, LA

SBA PPP loan data, payroll data, and salaries for Eqhealth Solutions, LLC
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 Size:

$5.79M

Jobs Retained:

356

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Eqhealth 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.

Based on standard PPP eligibility rules, Eqhealth Solutions, LLC's total 2019 payroll expenses were approximately $27.81M in order to qualify for the PPP loan amount received.

Based on their reported 356 jobs retained, this equals an estimated average yearly compensation of $78,111 per employee1.

Because the loan received by Eqhealth 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 - Eqhealth Solutions, LLC in Baton Rouge, LA

Eqhealth Solutions, LLC
8440 Jefferson Hwy Ste 101
Baton Rouge, LA 70809

Business Industry

Other Management Consulting Services (NAICS code 541618)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-06

Similar Companies near Baton Rouge

In the Baton Rouge area, 28 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 356) and received an average PPP loan of $271,640 (compared to this company's $5.79M).

Industry PPP Comparison Statistics

Nationwide, 45,812 businesses in the "Other Management Consulting Services" industry received a total of $2,639,462,577.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

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 $57,615, 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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/eqhealth-solutions-llc-baton-rouge-la