PPP Loan Data — Healthnet Aeromedical Services Inc, Charleston, WV
Healthnet Aeromedical Services Inc
Entity: Non-profit Organization
Location: Charleston, WVTweet This • Search All PPP Data
Healthnet Aeromedical Services Inc is a non-profit organization located at 110 Wyoming St Ste 101 in Charleston, West Virginia that received a Coronavirus-related PPP loan from the SBA of $1,890,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Healthnet Aeromedical Services Inc in Charleston, WV received a Paycheck Protection Loan of $1.89M through Truist Bank d/b/a Branch Banking & Trust Co, 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 February, 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, Healthnet Aeromedical Services Inc's 2019 payroll expenses are estimated to be at least $9.08M.
Based on their reported 119 jobs retained, this equals an estimated average yearly compensation of $76,264 per employee1
Reported PPP Proceed Usage:
On the PPP application, Healthnet Aeromedical Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,890,700
Business Information - Healthnet Aeromedical Services Inc in Charleston, WV
110 Wyoming St Ste 101
Charleston, WV 25302
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Charleston
In the Charleston area, 4 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 119) and received an average PPP loan of $489,029 (compared to this company's $1.89M).
Similar Nearby Businesses Who Received PPP Funding:
Green Infusion LLC
Dental Associates, Inc
Industry PPP Comparison Statistics
Nationwide, 18,626 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B 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 12 employees, 90% lower than Healthnet Aeromedical Services Inc's reported 119 employees, and received an average PPP loan of $88,620, 95% lower than this company's loan of $1.89M.
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Footnotes & Information
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