PPP Loan Data — Laboratory Management Services, Shreveport, LA
Laboratory Management Services
Entity: Limited Liability Company (LLC)
Location: Shreveport, LATweet This • Search All PPP Data
Laboratory Management Services is a limited liability company (LLC) located at 2915 Missouri Ave in Shreveport, Louisiana that received a Coronavirus-related PPP loan from the SBA of $5,104,200.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 415 people during the applicable loan loan period.
$ PPP Loan Information
Lender:COMMUNITY BANK OF MISSISSIPPI
Laboratory Management Services received a Paycheck Protection Loan of $5.1M through COMMUNITY BANK OF MISSISSIPPI, which was approved in April, 2020.
Based on standard PPP eligibility rules, Laboratory Management Services' total 2019 payroll expenses were approximately $24.5M in order to qualify for the PPP loan amount received.
Based on their reported 415 jobs retained, this equals an estimated average yearly compensation of $59,037 per employee1.
Business Information - Laboratory Management Services in Shreveport, LA
2915 Missouri Ave
Shreveport, LA 71109
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: LA-04
Similar Companies near Shreveport
In the Shreveport area, 5 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 90 employees (compared to this company's 415) and received an average PPP loan of $1,240,563 (compared to this company's $5.1M).
Similar Nearby Businesses Who Received PPP Funding:
Mauhawk Investments LLC
His Grace Pediatric & Kidmed Clinic LLC
Laboratory Management Services Anatomic Pathology LLC
Waltemate Wellness Center, Inc.
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 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 10 employees, 98% lower than Laboratory Management Services' reported 415 employees, and received an average PPP loan of $138,136, 97% lower than this company's loan of $5.1M.
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.
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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