PPP Loan Data — Horizon Health Services LLC, Cleveland Hts, OH
Horizon Health Services LLC
Entity: Limited Liability Company (LLC)
Location: Cleveland Hts, OHTweet This • Search All PPP Data
Horizon Health Services LLC is a limited liability company (LLC) located at 13001 Cedar Rd in Cleveland Hts, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,999,999.00 in January, 2021.
The company has reported itself as a Black or african american male owned business, and employed at least 260 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Horizon Health Services LLC in Cleveland Hts, OH received a Paycheck Protection Loan of $2M through The Huntington National Bank, which was approved in January, 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, Horizon Health Services LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 260 jobs retained, this equals an estimated average yearly compensation of $36,923 per employee1
Reported PPP Proceed Usage:
On the PPP application, Horizon Health Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - Horizon Health Services LLC in Cleveland Hts, OH
13001 Cedar Rd
Cleveland Hts, OH 44118
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cleveland Hts
In the Cleveland Hts area, 7 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 260) and received an average PPP loan of $422,007 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Xcel Healthcare Providers, Inc
Cleveland Heights, OH
Maysville Fellowship Medical Aid Plan, Inc
South Euclid, OH
Good Hands Home Care & Adult Services LLC
Connecting Hearts Health Care LLC
Cleveland Hts, OH
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, 95% lower than Horizon Health Services LLC's reported 260 employees, and received an average PPP loan of $88,620, 96% lower than this company's loan of $2M.
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