FederalPay.org
PPP Loan Data — Associates In Family Medicine, PC,
Fort Collins, CO
Associates In Family Medicine, PC
Entity: Corporation
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Fort Collins, CO
Tweet This
•
Search All PPP Data
Associates In Family Medicine, PC is a corporation located at 1300 Riverside Ave, Suite 102 in Fort Collins, Colorado that received a Coronavirus-related PPP loan from the SBA of $4,797,509.00 in April, 2020.
$
PPP Loan Information
Loan #7674617009
Loan Size:
Jobs Retained:
349Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
First National Bank of OmahaAssociates In Family Medicine, PC in Fort Collins, CO received a Paycheck Protection Loan of $4.8M through First National Bank of Omaha, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Associates In Family Medicine, PC's 2019 payroll expenses are estimated to be at least $23.03M.
Based on their reported 349 jobs retained, this equals an estimated average yearly compensation of $65,983 per employee1
Reported PPP Proceed Usage:
On the PPP application, Associates In Family Medicine, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,797,509
Business Information - Associates In Family Medicine, PC in Fort Collins, CO
1300 Riverside Ave, Suite 102
Fort Collins, CO 80524
Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Fort Collins
In the Fort Collins area, 50 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 349) and received an average PPP loan of $548,119 (compared to this company's $4.8M).
Similar Nearby Businesses Who Received PPP Funding:
Front Range Pain Medicine LLC
Fort Collins, CO
Northern Colorado Hospitalists PLLC
Fort Collins, CO
J. David Cranor, MD LLC
Fort Collins, CO
Steven L. Kaufman MD. PHD. PC
Fort Collins, CO
Pediatric Associates Of Northern Colorado, PLLC
Fort Collins, CO
Centers For Gastroenterology, PC
Fort Collins, CO
Front Range Center For Brain & Spine Surgery, PC
Fort Collins, CO
Integrative Acupuncture Clinic
Fort Collins, CO
Industry PPP Comparison Statistics
Nationwide, 176,421 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B 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 11 employees, 97% lower than Associates In Family Medicine, PC's reported 349 employees, and received an average PPP loan of $119,312, 98% lower than this company's loan of $4.8M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!