PPP Loan Data — Alabama Orthopaedic Clinics PC, Mobile, AL
Alabama Orthopaedic Clinics PC
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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
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.
Business Information - Alabama Orthopaedic Clinics PC in Mobile, AL
3610 Springhill Memorial Dr N
Mobile, AL 36608
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Mobile Physical Medicine & Wellness, PC
Aldo Trovato, MD, PC
Azalea City Physicians For Women, PC
Mobile Bay Family Medicine, PC
Oral And Maxillofacial Surgery Associates PC
Springhill Pediatrics PC
Mobile Adult Care LLC
Ringhoffer Ob Gyn
Randy D Proffitt MD, LLC
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.
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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