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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 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 Size:
Jobs Retained:
337Loan Approved:
2020-05-07Lender:
FIRSTRUST SAVINGS BANKHBA Management Inc received a Paycheck Protection Loan of $2.56M through FIRSTRUST SAVINGS BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, HBA Management Inc's total 2019 payroll expenses were approximately $12.27M in order to qualify for the PPP loan amount received.
Based on their reported 337 jobs retained, this equals an estimated average yearly compensation of $36,410 per employee1.
Business Information - HBA Management Inc in Fort Lauderdale, FL
5310 Nw 33rd Ave
Fort Lauderdale, FL 33309
Business Industry
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: FL-20Similar Companies near Fort Lauderdale
In the Fort Lauderdale area, 8 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 337) and received an average PPP loan of $385,564 (compared to this company's $2.56M).
Similar Nearby Businesses Who Received PPP Funding:
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Dock And Roll LLC
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Pagmd Inc
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Alexander T Doerffler MD PA
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Gateway Immigration LLC
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Industry PPP Comparison Statistics
Nationwide, 6,339 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3,112,462,478.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 40 employees, 88% lower than HBA Management Inc's reported 337 employees, and received an average PPP loan of $491,002, 81% 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.
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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