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PPP Loan Data — HBA Management Inc, Fort Lauderdale, FL

SBA PPP loan data, payroll data, and salaries for HBA Management Inc
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:

$2.56M

Jobs Retained:

337

Loan Approved:

2020-05-07

Lender:

FIRSTRUST SAVINGS BANK

HBA 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.

Because the loan received by HBA Management Inc 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 - HBA Management Inc in Fort Lauderdale, FL

HBA Management Inc
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-20

Similar 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).

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.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hba-management-inc-fort-lauderdale-fl