PPP Loan Data — Neighborhood Health Care, Inc., Cleveland, OH
Neighborhood Health Care, Inc.
Entity: Professional Association
Location: Cleveland, OHTweet This • Search All PPP Data
Neighborhood Health Care, Inc. is a professional association located at 4115 Bridge Ave Suite 300 in Cleveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,645,400.00 in April, 2020.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Neighborhood Health Care, Inc. received a Paycheck Protection Loan of $2.65M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Neighborhood Health Care, Inc.'s total 2019 payroll expenses were approximately $12.7M in order to qualify for the PPP loan amount received.
Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $62,245 per employee1.
Business Information - Neighborhood Health Care, Inc. in Cleveland, OH
4115 Bridge Ave Suite 300
Cleveland, OH 44113
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-11
Similar Companies near Cleveland
In the Cleveland area, 14 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 204) and received an average PPP loan of $363,804 (compared to this company's $2.65M).
Similar Nearby Businesses Who Received PPP Funding:
Mobile Hyperbaric Centers, LLC
Real Estate Property Advisors LLC
Ronald Golovan MD Inc
East Cleveland, OH
Comprehensive Primary Care LLC
East Cleveland, OH
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 95% lower than Neighborhood Health Care, Inc.'s reported 204 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.65M.
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.
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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