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PPP Loan Data — Polaris Pharmacy Services, LLC, Fort Lauderdale, FL

SBA PPP loan data, payroll data, and salaries for Polaris Pharmacy Services, LLC
FL

Polaris Pharmacy Services, LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of All Other Miscellaneous Health Practitioners

Location: Fort Lauderdale, FL

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Polaris Pharmacy Services, LLC is a limited liability company (LLC) located at 2900 Nw 60th St in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $5,750,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.75M

Jobs Retained:

437

Loan Approved:

2020-04-28

Lender:

REGIONS BANK

Polaris Pharmacy Services, LLC in Fort Lauderdale, FL received a Paycheck Protection Loan of $5.75M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Polaris Pharmacy Services, LLC's total 2019 payroll expenses were approximately $27.6M in order to qualify for the PPP loan amount received.

Based on their reported 437 jobs retained, this equals an estimated average yearly compensation of $63,158 per employee1.

Because the loan received by Polaris Pharmacy Services, 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 - Polaris Pharmacy Services, LLC in Fort Lauderdale, FL

Polaris Pharmacy Services, LLC
2900 Nw 60th St
Fort Lauderdale, FL 33309

Business Industry

Offices of All Other Miscellaneous Health Practitioners (NAICS code 621399)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-20

Similar Companies near Fort Lauderdale

In the Fort Lauderdale area, 20 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 437) and received an average PPP loan of $494,809 (compared to this company's $5.75M).

Industry PPP Comparison Statistics

Nationwide, 30,902 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $1,607,882,026.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 99% lower than Polaris Pharmacy Services, LLC's reported 437 employees, and received an average PPP loan of $52,032, 99% lower than this company's loan of $5.75M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/polaris-pharmacy-services-llc-fort-lauderdale-fl