PPP Loan Data — Healthfirst Bluegrass, Inc, Lexington, KY
Healthfirst Bluegrass, Inc
Entity: Non-profit Organization
Location: Lexington, KYTweet This • Search All PPP Data
Healthfirst Bluegrass, Inc is a non-profit organization located at 450 Southland Dr Ste E in Lexington, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,572,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Traditional Bank, Inc.
Healthfirst Bluegrass, Inc in Lexington, KY received a Paycheck Protection Loan of $2.57M through Traditional Bank, Inc., which was approved in April, 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 June, 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, Healthfirst Bluegrass, Inc's 2019 payroll expenses are estimated to be at least $12.35M.
Based on their reported 239 jobs retained, this equals an estimated average yearly compensation of $51,659 per employee1
Reported PPP Proceed Usage:
On the PPP application, Healthfirst Bluegrass, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,572,200
Business Information - Healthfirst Bluegrass, Inc in Lexington, KY
450 Southland Dr Ste E
Lexington, KY 40503
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lexington
In the Lexington area, 145 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 239) and received an average PPP loan of $229,627 (compared to this company's $2.57M).
Similar Nearby Businesses Who Received PPP Funding:
Anesthesiology Consultants Enterprises, PLLC
Alexander Landfield PLLC
Pediatric & Adolescent Associates Psc
Nephrology Associates Of Lexington, PSC
Free To Be Mental Health Services, LLC
Commonwealth Anesthesia, Psc
Atlas Pain And Spine Institute LLC
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 95% lower than Healthfirst Bluegrass, Inc's reported 239 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.57M.
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