PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Lauderdale Nursing Center LLC, Fort Lauderdale, FL

SBA PPP loan data, payroll data, and salaries for Lauderdale Nursing Center LLC
FL

Lauderdale Nursing Center LLC

Entity: Limited Liability Company (LLC)

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Fort Lauderdale, FL

Search All PPP Data

Lauderdale Nursing Center LLC is a limited liability company (LLC) located at 2000 E Commercial Blvd in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $1,370,820.00 in April, 2020.

$ PPP Loan Information
Loan #4085957200

Loan Size:

$1.37M

Jobs Retained:

186

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

Popular Bank

Lauderdale Nursing Center LLC in Fort Lauderdale, FL received a Paycheck Protection Loan of $1.37M through Popular 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 September, 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, Lauderdale Nursing Center LLC's 2019 payroll expenses are estimated to be at least $6.58M.

Based on their reported 186 jobs retained, this equals an estimated average yearly compensation of $35,376 per employee1

Reported PPP Proceed Usage:

On the PPP application, Lauderdale Nursing Center LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,370,820

Business Information - Lauderdale Nursing Center LLC in Fort Lauderdale, FL

Lauderdale Nursing Center LLC
2000 E Commercial Blvd
Fort Lauderdale, FL 33308

Business Industry:
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Broward County, FL — SBA Office 0455 — Congressional District: FL-22

Similar Companies near Fort Lauderdale

In the Fort Lauderdale area, 20 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 78 employees (compared to this company's 186) and received an average PPP loan of $639,891 (compared to this company's $1.37M).

Industry PPP Comparison Statistics

Nationwide, 15,149 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.79B 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 60 employees, 68% lower than Lauderdale Nursing Center LLC's reported 186 employees, and received an average PPP loan of $448,084, 67% lower than this company's loan of $1.37M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/lauderdale-nursing-center-llc-fort-lauderdale-fl