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PPP Loan Data — Lake Medical Imaging And Breast Center At The Villages LLC, Leesburg, FL

SBA PPP loan data, payroll data, and salaries for Lake Medical Imaging And Breast Center At The Villages LLC
FL

Lake Medical Imaging And Breast Center At The Villages LLC

Entity: Limited Liability Company (LLC)

Industry: Diagnostic Imaging Centers

Location: Leesburg, FL

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Lake Medical Imaging And Breast Center At The Villages LLC is a limited liability company (LLC) located at 734 N 3rd St in Leesburg, Florida that received a Coronavirus-related PPP loan from the SBA of $2,803,200.00 in April, 2020.

The company has reported itself as a White female owned business, and employed at least 224 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.8M

Jobs Retained:

224

Loan Approved:

2020-04-07

Lender:

CITIZENS FIRST BANK

Lake Medical Imaging And Breast Center At The Villages LLC in Leesburg, FL received a Paycheck Protection Loan of $2.8M through CITIZENS FIRST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lake Medical Imaging And Breast Center At The Villages LLC's total 2019 payroll expenses were approximately $13.46M in order to qualify for the PPP loan amount received.

Based on their reported 224 jobs retained, this equals an estimated average yearly compensation of $60,069 per employee1.

Because the loan received by Lake Medical Imaging And Breast Center At The Villages LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Lake Medical Imaging And Breast Center At The Villages LLC in Leesburg, FL

Lake Medical Imaging And Breast Center At The Villages LLC
734 N 3rd St
Leesburg, FL 34748

Business Industry

Diagnostic Imaging Centers (NAICS code 621512)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: FL-11

Industry PPP Comparison Statistics

Nationwide, 1,993 businesses in the "Diagnostic Imaging Centers" industry received a total of $407,606,280.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 94% lower than Lake Medical Imaging And Breast Center At The Villages LLC's reported 224 employees, and received an average PPP loan of $204,519, 93% lower than this company's loan of $2.8M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/lake-medical-imaging-and-breast-center-at-the-villages-llc-leesburg-fl