PPP Loan Data — Prediction Health Inc, Nashville, TN
Prediction Health Inc is a corporation located at 444 Elmington Ave. Apt 509 in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,164.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Square Capital, LLC
Prediction Health Inc in Nashville, TN received a Paycheck Protection Loan of $25,164 through Square Capital, LLC, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
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, Prediction Health Inc's 2019 payroll expenses are estimated to be at least $120,787.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,197 per employee1
Reported PPP Proceed Usage:
On the PPP application, Prediction Health Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,164
Business Information - Prediction Health Inc in Nashville, TN
444 Elmington Ave. Apt 509
Nashville, TN 37205
Data Processing, Hosting, and Related Services
NAICS code 518210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Nashville
In the Nashville area, 10 businesses in the "Data Processing, Hosting, and Related Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $25,982 (compared to this company's $25,164).
Similar Nearby Businesses Who Received PPP Funding:
Talanoa Group Inc
Social Link LLC
HC Software, Inc
Thomas Smith DBA The Guest Room
Industry PPP Comparison Statistics
Nationwide, 10,209 businesses in the "Data Processing, Hosting, and Related Services" industry received a total of $1.51B 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 11 employees, 175% higher than Prediction Health Inc's reported 4 employees, and received an average PPP loan of $147,893, 488% higher than this company's loan of $25,164.
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Footnotes & Information
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