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PPP Loan Data — Millennium Health LLC, San Diego, CA

SBA PPP loan data, payroll data, and salaries for Millennium Health LLC
CA

Millennium Health LLC

Entity: Corporation

Industry: Testing Laboratories

Location: San Diego, CA

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Millennium Health LLC is a corporation located at 16981 Via Tazon in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $9,175,192.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$9.18M

Jobs Retained:

500

Loan Approved:

2020-04-28

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Millennium Health LLC received a Paycheck Protection Loan of $9.18M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Millennium Health LLC's total 2019 payroll expenses were approximately $44.04M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $88,082 per employee1.

Because the loan received by Millennium Health 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 - Millennium Health LLC in San Diego, CA

Millennium Health LLC
16981 Via Tazon
San Diego, CA 92127

Business Industry

Testing Laboratories (NAICS code 541380)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-52

Similar Companies near San Diego

In the San Diego area, 2 businesses in the "Testing Laboratories" industry received a PPP loan. These local businesses reported an average of 254 employees (compared to this company's 500) and received an average PPP loan of $4,624,731 (compared to this company's $9.18M).

Industry PPP Comparison Statistics

Nationwide, 2,909 businesses in the "Testing Laboratories" industry received a total of $594,088,408.00 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 16 employees, 97% lower than Millennium Health LLC's reported 500 employees, and received an average PPP loan of $204,224, 98% lower than this company's loan of $9.18M.

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/millennium-health-llc-san-diego-ca