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PPP Loan Data — Landmark Hospital Of Southwest Florida, Naples, FL

SBA PPP loan data, payroll data, and salaries for Landmark Hospital Of Southwest Florida
FL

Landmark Hospital Of Southwest Florida

Entity: Limited Liability Company (LLC)

Industry: Specialty (except Psychiatric and Substance Abuse) Hospitals

Location: Naples, FL

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Landmark Hospital Of Southwest Florida is a limited liability company (LLC) located at 1285 Creekside Blvd E in Naples, Florida that received a Coronavirus-related PPP loan from the SBA of $2,467,700.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 256 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1879407110

Loan Size:

$2.47M

Jobs Retained:

256

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

Montgomery Bank

Landmark Hospital Of Southwest Florida in Naples, FL received a Paycheck Protection Loan of $2.47M through Montgomery Bank, 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 August, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Landmark Hospital Of Southwest Florida's 2019 payroll expenses are estimated to be at least $11.84M.

Based on their reported 256 jobs retained, this equals an estimated average yearly compensation of $46,269 per employee1

Reported PPP Proceed Usage:

On the PPP application, Landmark Hospital Of Southwest Florida reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,974,160
  • Utilities: $246,770
  • Mortgage Interest: $246,770
Because the loan received by Landmark Hospital Of Southwest Florida 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 - Landmark Hospital Of Southwest Florida in Naples, FL

Landmark Hospital Of Southwest Florida
1285 Creekside Blvd E
Naples, FL 34109

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Collier County, FL — SBA Office 0455 — Congressional District: FL-19

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Landmark Hospital Of Southwest Florida.

Technomad, LLC
Offices of Optometrists

$163,400 PPP Loan

Landmark Hospital Of Southwest Florida LLC
Specialty (except Psychiatric and Substance Abuse) Hospitals

$2M PPP Loan

Similar Companies near Naples

In the Naples area, 2 businesses in the "Specialty (except Psychiatric and Substance Abuse) Hospitals" industry received a PPP loan. These local businesses reported an average of 216 employees (compared to this company's 256) and received an average PPP loan of $2,233,850 (compared to this company's $2.47M).

Similar Nearby Businesses Who Received PPP Funding:

Landmark Hospital Of Southwest Florida LLC
Naples, FL

$2M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,480 businesses in the "Specialty (except Psychiatric and Substance Abuse) Hospitals" industry received a total of $390.83M 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 25 employees, 90% lower than Landmark Hospital Of Southwest Florida's reported 256 employees, and received an average PPP loan of $264,074, 89% lower than this company's loan of $2.47M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/landmark-hospital-of-southwest-florida-naples-fl