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PPP Loan Data — Barrington Orthopedic Specialists, LTD, Schaumburg, IL

SBA PPP loan data, payroll data, and salaries for Barrington Orthopedic Specialists, LTD
IL

Barrington Orthopedic Specialists, LTD

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Schaumburg, IL

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Barrington Orthopedic Specialists, LTD is a corporation located at 929 W Higgins Rd in Schaumburg, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,576,714.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.58M

Jobs Retained:

212

Loan Approved:

2020-04-09

Lender:

HINSDALE BANK & TRUST COMPANY, NATIONAL ASSOCIATION

Barrington Orthopedic Specialists, LTD received a Paycheck Protection Loan of $2.58M through HINSDALE BANK & TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Barrington Orthopedic Specialists, LTD's total 2019 payroll expenses were approximately $12.37M in order to qualify for the PPP loan amount received.

Based on their reported 212 jobs retained, this equals an estimated average yearly compensation of $58,341 per employee1.

Because the loan received by Barrington Orthopedic Specialists, LTD 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 - Barrington Orthopedic Specialists, LTD in Schaumburg, IL

Barrington Orthopedic Specialists, LTD
929 W Higgins Rd
Schaumburg, IL 60195

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: IL-06

Similar Companies near Schaumburg

In the Schaumburg area, 12 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 212) and received an average PPP loan of $290,927 (compared to this company's $2.58M).

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, 95% lower than Barrington Orthopedic Specialists, LTD's reported 212 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.58M.

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.

Search FederalPay's Full PPP Loan Database

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/barrington-orthopedic-specialists-ltd-schaumburg-il