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PPP Loan Data — Equitas Health, Inc, Columbus, OH

SBA PPP loan data, payroll data, and salaries for Equitas Health, Inc
OH Nonprofit Organization

Equitas Health, Inc

Entity: Non-profit Organization

Industry: All Other Miscellaneous Ambulatory Health Care Services

Location: Columbus, OH

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Equitas Health, Inc is a non-profit organization located at Equitas Health, Inc in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,590,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.59M

Jobs Retained:

472

Loan Approved:

2020-04-10

Lender:

THE HUNTINGTON NATIONAL BANK

Equitas Health, Inc in Columbus, OH received a Paycheck Protection Loan of $4.59M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Equitas Health, Inc's total 2019 payroll expenses were approximately $22.04M in order to qualify for the PPP loan amount received.

Based on their reported 472 jobs retained, this equals an estimated average yearly compensation of $46,687 per employee1.

Because the loan received by Equitas Health, Inc 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 - Equitas Health, Inc in Columbus, OH

Equitas Health, Inc
Equitas Health, Inc
Columbus, OH 43214

Business Industry

All Other Miscellaneous Ambulatory Health Care Services (NAICS code 621999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-12

Similar Companies near Columbus

In the Columbus area, 13 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 472) and received an average PPP loan of $516,473 (compared to this company's $4.59M).

Industry PPP Comparison Statistics

Nationwide, 13,305 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1,358,409,224.00 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 11 employees, 98% lower than Equitas Health, Inc's reported 472 employees, and received an average PPP loan of $102,098, 98% lower than this company's loan of $4.59M.

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/equitas-health-inc-columbus-oh