PPP Loan Data — Health Advocates, LLC, Chatsworth, CA
Health Advocates, LLC
Entity: Limited Liability Company (LLC)
Location: Chatsworth, CATweet This • Search All PPP Data
Health Advocates, LLC is a limited liability company (LLC) located at 21540 Plummer St Ste B in Chatsworth, California that received a Coronavirus-related PPP loan from the SBA of $2,541,200.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST REPUBLIC BANK
Health Advocates, LLC in Chatsworth, CA received a Paycheck Protection Loan of $2.54M through FIRST REPUBLIC BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Health Advocates, LLC's total 2019 payroll expenses were approximately $12.2M in order to qualify for the PPP loan amount received.
Based on their reported 221 jobs retained, this equals an estimated average yearly compensation of $55,193 per employee1.
Business Information - Health Advocates, LLC in Chatsworth, CA
21540 Plummer St Ste B
Chatsworth, CA 91311
Offices of All Other Miscellaneous Health Practitioners (NAICS code 621399)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: CA-25
Similar Companies near Chatsworth
In the Chatsworth area, 6 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 221) and received an average PPP loan of $481,930 (compared to this company's $2.54M).
Similar Nearby Businesses Who Received PPP Funding:
Acupuncture On Health
Specialized Fitness Solutions, Inc.
Bernie B Villadiego, DDS A Professional Dental Corporation
Advanced Cosmetic Research Laboratories Inc
Industry PPP Comparison Statistics
Nationwide, 30,902 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $1,607,882,026.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than Health Advocates, LLC's reported 221 employees, and received an average PPP loan of $52,032, 98% lower than this company's loan of $2.54M.
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, 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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