PPP Loan Data — Phoenix Health Solutions LLC, Margate, FL
Phoenix Health Solutions LLC
Entity: Limited Liability Company (LLC)
Location: Margate, FLTweet This • Search All PPP Data
Phoenix Health Solutions LLC is a limited liability company (LLC) located at 5510 West Sample Rd in Margate, Florida that received a Coronavirus-related PPP loan from the SBA of $24,941.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Phoenix Health Solutions LLC in Margate, FL received a Paycheck Protection Loan of $24,941 through TD Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Phoenix Health Solutions LLC's 2019 payroll expenses are estimated to be at least $119,717.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $19,953 per employee1
Reported PPP Proceed Usage:
On the PPP application, Phoenix Health Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,941
Business Information - Phoenix Health Solutions LLC in Margate, FL
5510 West Sample Rd
Margate, FL 33073
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
NAICS code 423450
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Margate
In the Margate area, 5 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 6) and received an average PPP loan of $98,962 (compared to this company's $24,941).
Similar Nearby Businesses Who Received PPP Funding:
Pompano Bch, FL
Coconut Creek, FL
Jams Wholesale Distribution Services
Coconut Creek, FL
Industry PPP Comparison Statistics
Nationwide, 14,443 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a total of $1.42B 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 9 employees, 50% higher than Phoenix Health Solutions LLC's reported 6 employees, and received an average PPP loan of $98,382, 294% higher than this company's loan of $24,941.
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