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PPP Loan Data — Alabama Orthopaedic Clinics PC, Mobile, AL

SBA PPP loan data, payroll data, and salaries for Alabama Orthopaedic Clinics PC
AL

Alabama Orthopaedic Clinics PC

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Mobile, AL

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Alabama Orthopaedic Clinics PC is a corporation located at 3610 Springhill Memorial Dr N in Mobile, Alabama that received a Coronavirus-related PPP loan from the SBA of $3,266,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.27M

Jobs Retained:

260

Loan Approved:

2020-04-05

Lender:

FIRST HORIZON BANK

Alabama Orthopaedic Clinics PC in Mobile, AL received a Paycheck Protection Loan of $3.27M through FIRST HORIZON BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Alabama Orthopaedic Clinics PC's total 2019 payroll expenses were approximately $15.68M in order to qualify for the PPP loan amount received.

Based on their reported 260 jobs retained, this equals an estimated average yearly compensation of $60,305 per employee1.

Because the loan received by Alabama Orthopaedic Clinics PC 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 - Alabama Orthopaedic Clinics PC in Mobile, AL

Alabama Orthopaedic Clinics PC
3610 Springhill Memorial Dr N
Mobile, AL 36608

Business Industry

Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AL-01

Similar Companies near Mobile

In the Mobile area, 83 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 260) and received an average PPP loan of $258,376 (compared to this company's $3.27M).

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, 96% lower than Alabama Orthopaedic Clinics PC's reported 260 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.27M.

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.

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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/alabama-orthopaedic-clinics-pc-mobile-al