PPP Loan Data — H And S Health Specialists, Chicago, IL
H And S Health Specialists
Entity: Limited Liability Company (LLC)
Location: Chicago, ILTweet This • Search All PPP Data
H And S Health Specialists is a limited liability company (LLC) located at 1631 N Halsted St in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
H And S Health Specialists in Chicago, IL received a Paycheck Protection Loan of $25,000 through Bank of America, 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 April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, H And S Health Specialists' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, H And S Health Specialists reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - H And S Health Specialists in Chicago, IL
1631 N Halsted St
Chicago, IL 60614
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chicago
In the Chicago area, 17 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $50,223 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Ravinia Reading Center Of Lincoln Park, LLC
Blackford Health Services, Inc
Chicago Psychological Health Center, LLC
Deco Arts Building, LLC
Seven Star Wellness LTD
Move Therapy And Wellness 1241, LLC
Brite New Mind Daycare Center Inc
Industry PPP Comparison Statistics
Nationwide, 18,626 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B 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 12 employees, 200% higher than H And S Health Specialists' reported 4 employees, and received an average PPP loan of $88,620, 254% higher than this company's loan of $25,000.
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