PPP Loan Data — Advanced Spine And Pain, LLC, Mount Laurel, NJ
Advanced Spine And Pain, LLC
Entity: Limited Liability Company (LLC)
Location: Mount Laurel, NJTweet This • Search All PPP Data
Advanced Spine And Pain, LLC is a limited liability company (LLC) located at 813 East Gate Dr in Mount Laurel, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,474,700.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 222 people during the applicable loan loan period.
$ PPP Loan Information
Advanced Spine And Pain, LLC received a Paycheck Protection Loan of $2.47M through PROVIDENT BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Advanced Spine And Pain, LLC's total 2019 payroll expenses were approximately $11.88M in order to qualify for the PPP loan amount received.
Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $53,507 per employee1.
Business Information - Advanced Spine And Pain, LLC in Mount Laurel, NJ
813 East Gate Dr
Mount Laurel, NJ 8054
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: NJ-03
Similar Companies near Mount Laurel
In the Mount Laurel area, 74 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 222) and received an average PPP loan of $280,220 (compared to this company's $2.47M).
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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 Advanced Spine And Pain, LLC's reported 222 employees, and received an average PPP loan of $138,136, 94% lower than this company's loan of $2.47M.
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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