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PPP Loan Data — Life Management Center Of Northwest Florida, Inc, Panama City, FL

SBA PPP loan data, payroll data, and salaries for Life Management Center Of Northwest Florida, Inc
FL Nonprofit Organization

Life Management Center Of Northwest Florida, Inc

Entity: Non-profit Organization

Industry: Outpatient Mental Health and Substance Abuse Centers

Location: Panama City, FL

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Life Management Center Of Northwest Florida, Inc is a non-profit organization located at 525 E 15th St in Panama City, Florida that received a Coronavirus-related PPP loan from the SBA of $2,831,689.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.83M

Jobs Retained:

287

Loan Approved:

2020-04-28

Lender:

FIRST NATIONAL BANK NORTHWEST FLORIDA

Life Management Center Of Northwest Florida, Inc received a Paycheck Protection Loan of $2.83M through FIRST NATIONAL BANK NORTHWEST FLORIDA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Life Management Center Of Northwest Florida, Inc's total 2019 payroll expenses were approximately $13.59M in order to qualify for the PPP loan amount received.

Based on their reported 287 jobs retained, this equals an estimated average yearly compensation of $47,359 per employee1.

Because the loan received by Life Management Center Of Northwest Florida, Inc 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 - Life Management Center Of Northwest Florida, Inc in Panama City, FL

Life Management Center Of Northwest Florida, Inc
525 E 15th St
Panama City, FL 32405

Business Industry

Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-02

Industry PPP Comparison Statistics

Nationwide, 5,494 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,342,170,180.00 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 24 employees, 92% lower than Life Management Center Of Northwest Florida, Inc's reported 287 employees, and received an average PPP loan of $244,297, 91% lower than this company's loan of $2.83M.

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.

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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/life-management-center-of-northwest-florida-inc-panama-city-fl