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PPP Loan Data — Arkansas Foundation For Medical Care, Inc.,
Fort Smith, AR
Arkansas Foundation For Medical Care, Inc.
Entity: Non-profit Organization
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Fort Smith, AR
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Arkansas Foundation For Medical Care, Inc. is a non-profit organization located at 5111 Rogers Ave Ste 476 in Fort Smith, Arkansas that received a Coronavirus-related PPP loan from the SBA of $3,630,230.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
255Loan Approved:
2020-04-27Lender:
BANCORPSOUTH BANKArkansas Foundation For Medical Care, Inc. received a Paycheck Protection Loan of $3.63M through BANCORPSOUTH BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Arkansas Foundation For Medical Care, Inc.'s total 2019 payroll expenses were approximately $17.43M in order to qualify for the PPP loan amount received.
Based on their reported 255 jobs retained, this equals an estimated average yearly compensation of $68,334 per employee1.
Business Information - Arkansas Foundation For Medical Care, Inc. in Fort Smith, AR
5111 Rogers Ave Ste 476
Fort Smith, AR 72903
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: AR-03Similar Companies near Fort Smith
In the Fort Smith area, 28 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 255) and received an average PPP loan of $229,437 (compared to this company's $3.63M).
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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, 96% lower than Arkansas Foundation For Medical Care, Inc.'s reported 255 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.63M.
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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