PPP Loan Data — Ascendant Orthopedic Alliance, Elkhart, IN
Ascendant Orthopedic Alliance
Entity: Limited Liability Company (LLC)
Location: Elkhart, INTweet This • Search All PPP Data
Ascendant Orthopedic Alliance is a limited liability company (LLC) located at 2310 California Road in Elkhart, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,446,700.00 in April, 2020.
$ PPP Loan Information
Lender:1ST SOURCE BANK
Ascendant Orthopedic Alliance in Elkhart, IN received a Paycheck Protection Loan of $3.45M through 1ST SOURCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ascendant Orthopedic Alliance's total 2019 payroll expenses were approximately $16.54M in order to qualify for the PPP loan amount received.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $68,934 per employee1.
Business Information - Ascendant Orthopedic Alliance in Elkhart, IN
2310 California Road
Elkhart, IN 46514
Freestanding Ambulatory Surgical and Emergency Centers (NAICS code 621493)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-02
Similar Companies near Elkhart
In the Elkhart area, 6 businesses in the "Freestanding Ambulatory Surgical and Emergency Centers" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 240) and received an average PPP loan of $1,503,517 (compared to this company's $3.45M).
Similar Nearby Businesses Who Received PPP Funding:
River Oaks ObGyn Associates PC
Elite Emergency Physicians Inc
Orthopedic & Sports Medicine Center Of Northern Indiana Inc.
Northern Indiana Ambulatory Surgery Center LLC
Elkhart Day Surgery LLC
Industry PPP Comparison Statistics
Nationwide, 2,285 businesses in the "Freestanding Ambulatory Surgical and Emergency Centers" industry received a total of $518,205,080.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 19 employees, 92% lower than Ascendant Orthopedic Alliance's reported 240 employees, and received an average PPP loan of $226,786, 93% lower than this company's loan of $3.45M.
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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