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PPP Loan Data — Family Health Services Corporation,
Twin Falls, ID
Family Health Services Corporation
Entity: Corporation
Industry: Other Individual and Family Services
Location: Twin Falls, ID
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Family Health Services Corporation is a corporation located at 794 Eastland Dr in Twin Falls, Idaho that received a Coronavirus-related PPP loan from the SBA of $2,548,637.00 in April, 2020.
$
PPP Loan Information
Loan #6729557106
Loan Size:
Jobs Retained:
269Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
Banner BankFamily Health Services Corporation in Twin Falls, ID received a Paycheck Protection Loan of $2.55M through Banner 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 September, 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, Family Health Services Corporation's 2019 payroll expenses are estimated to be at least $12.23M.
Based on their reported 269 jobs retained, this equals an estimated average yearly compensation of $45,478 per employee1
Reported PPP Proceed Usage:
On the PPP application, Family Health Services Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,497,665
- Utilities: $25,486
- Rent: $25,486
Business Information - Family Health Services Corporation in Twin Falls, ID
794 Eastland Dr
Twin Falls, ID 83301
Business Industry:
Other Individual and Family Services
NAICS code 624190
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Twin Falls
In the Twin Falls area, 13 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 269) and received an average PPP loan of $236,301 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
Alliance Family Services Inc
Twin Falls, ID
Lisa D Conrad DBA Changes Salon
Twin Falls, ID
April Bruns
Twin Falls, ID
La Posada Inc
Twin Falls, ID
Omega Service Coordination Inc
Twin Falls, ID
Beard Family Services Inc
Twin Falls, ID
Preferred Child And Family Ser
Twin Falls, ID
Jaime Goffin
Twin Falls, ID
Industry PPP Comparison Statistics
Nationwide, 24,879 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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 16 employees, 94% lower than Family Health Services Corporation's reported 269 employees, and received an average PPP loan of $118,797, 95% lower than this company's loan of $2.55M.
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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