PPP Loan Data — Alabama Medical Group PC, Mobile, AL
Alabama Medical Group PC is a corporation located at 101 Memorial Hospital Dr in Mobile, Alabama that received a Coronavirus-related PPP loan from the SBA of $3,070,528.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Alabama Medical Group PC received a Paycheck Protection Loan of $3.07M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Alabama Medical Group PC's total 2019 payroll expenses were approximately $14.74M in order to qualify for the PPP loan amount received.
Based on their reported 238 jobs retained, this equals an estimated average yearly compensation of $61,927 per employee1.
Business Information - Alabama Medical Group PC in Mobile, AL
101 Memorial Hospital Dr
Mobile, AL 36608
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-01
Similar Companies near Mobile
In the Mobile area, 10 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 238) and received an average PPP loan of $321,670 (compared to this company's $3.07M).
Similar Nearby Businesses Who Received PPP Funding:
Total Touch Healthcare
`Southern Crescent Transcription Services
Octavia Byrd DBA Loving Hearts Sitting Service
Mobile In Home Care, LLC
Spinal Logistics & Device LLC
Industry PPP Comparison Statistics
Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 34 employees, 86% lower than Alabama Medical Group PC's reported 238 employees, and received an average PPP loan of $212,236, 93% lower than this company's loan of $3.07M.
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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