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

PPP Loan Data — Foundations Health Solutions LLC, North Olmsted, OH

SBA PPP loan data, payroll data, and salaries for Foundations Health Solutions LLC
OH

Foundations Health Solutions LLC

Entity: Limited Liability Company (LLC)

Industry: Professional Employer Organizations

Location: North Olmsted, OH

Search All PPP Data

Foundations Health Solutions LLC is a limited liability company (LLC) located at 25000 Country Club Blvd in North Olmsted, Ohio that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$10M

Jobs Retained:

500

Loan Approved:

2020-04-11

Lender:

FIFTH THIRD BANK

Foundations Health Solutions LLC received a Paycheck Protection Loan of $10M through FIFTH THIRD BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Foundations Health Solutions LLC's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.

Because the loan received by Foundations Health 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 - Foundations Health Solutions LLC in North Olmsted, OH

Foundations Health Solutions LLC
25000 Country Club Blvd
North Olmsted, OH 44070

Business Industry

Professional Employer Organizations (NAICS code 561330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-16

Similar Companies near North Olmsted

In the North Olmsted area, 2 businesses in the "Professional Employer Organizations" industry received a PPP loan. These local businesses reported an average of 252 employees (compared to this company's 500) and received an average PPP loan of $5,015,520 (compared to this company's $10M).

Similar Nearby Businesses Who Received PPP Funding:

No Ka Oi Managment And Staffing LLC
North Olmsted, OH

$31,040 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,298 businesses in the "Professional Employer Organizations" industry received a total of $544,321,819.00 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 38 employees, 92% lower than Foundations Health Solutions LLC's reported 500 employees, and received an average PPP loan of $419,354, 96% lower than this company's loan of $10M.

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/foundations-health-solutions-llc-north-olmsted-oh