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PPP Loan Data — HBA Management Inc,
Fort Lauderdale, FL
HBA Management Inc
Entity: Corporation
Industry: General Medical and Surgical Hospitals
Location: Fort Lauderdale, FL
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HBA Management Inc is a corporation located at 5310 Nw 33rd Ave Suite 211 in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $2,556,300.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 337 people during the applicable loan loan period.
$
PPP Loan Information
Loan #3519267405
Loan Size:
Jobs Retained:
337Loan Approved:
2020-05-07Loan Status:
Paid in Full or ForgivenLender:
Firstrust Savings BankHBA Management Inc in Fort Lauderdale, FL received a Paycheck Protection Loan of $2.56M through Firstrust Savings Bank, 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 July, 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, HBA Management Inc's 2019 payroll expenses are estimated to be at least $12.27M.
Based on their reported 337 jobs retained, this equals an estimated average yearly compensation of $36,410 per employee1
Reported PPP Proceed Usage:
On the PPP application, HBA Management Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,556,300
Business Information - HBA Management Inc in Fort Lauderdale, FL
5310 Nw 33rd Ave Suite 211
Fort Lauderdale, FL 33309
Business Industry:
General Medical and Surgical Hospitals
NAICS code 622110
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age:
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 4 other businesses that received a PPP loan registered to the same address as HBA Management Inc.
Pinecrest Convalescent Center, LLC
Nursing Care Facilities (Skilled Nursing Facilities)
HBA Therapy Services, Inc
Nursing Care Facilities (Skilled Nursing Facilities)
Clark Nursing And Rehabilitation Center, LLC
Nursing Care Facilities (Skilled Nursing Facilities)
Broward Nursing & Rehabilitation Center, LLC
Nursing Care Facilities (Skilled Nursing Facilities)
Similar Companies near Fort Lauderdale
In the Fort Lauderdale area, 10 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 337) and received an average PPP loan of $346,391 (compared to this company's $2.56M).
Similar Nearby Businesses Who Received PPP Funding:
Horizon Healthcare Advisors, LLC
Fort Lauderdale, FL
Gateway Immigration LLC
Ft Lauderdale, FL
Advanced Innovative Urology PA
Lauderdale By The Sea, FL
Rapid Recovery Care LLC
Fort Lauderdale, FL
Integrative Healthcare Of South Florida
Fort Lauderdale, FL
Dock And Roll LLC
Fort Lauderdale, FL
Pagmd Inc
Ft Lauderdale, FL
Alexander T Doerffler MD PA
Fort Lauderdale, FL
Industry PPP Comparison Statistics
Nationwide, 9,170 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3.57B 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 36 employees, 89% lower than HBA Management Inc's reported 337 employees, and received an average PPP loan of $389,204, 85% lower than this company's loan of $2.56M.
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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