PPP Loan Data — Bognet Medical Associates, PC, Allentown, PA
Bognet Medical Associates, PC
Entity: Subchapter S Corporation
Location: Allentown, PATweet This • Search All PPP Data
Bognet Medical Associates, PC is a subchapter s corporation located at 1275 South Cedar Crest Boulevard, Suite 5 in Allentown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $54,500.00 in May, 2020.
$ PPP Loan Information
Bognet Medical Associates, PC received a Paycheck Protection Loan of $54,500 through SONABANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Bognet Medical Associates, PC's total 2019 payroll expenses were approximately $261,600 in order to qualify for the PPP loan amount received.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $37,371 per employee1.
Business Information - Bognet Medical Associates, PC in Allentown, PA
1275 South Cedar Crest Boulevard, Suite 5
Allentown, PA 18103
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-07
Similar Companies near Allentown
In the Allentown area, 48 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 7) and received an average PPP loan of $384,123 (compared to this company's $54,500).
Similar Nearby Businesses Who Received PPP Funding:
Eastern Pennsylvania Gastroenterology & Liver Specialists
DWH Medical Center, PC
David Bub, MD, PC
Dermatology & Skin Cancer Center, PC
Cedar Crest ENT Associates PC
Michael A Carol DMD
William A Tuffiash MD PC
RDS Anesthesia, Inc.
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, 43% higher than Bognet Medical Associates, PC's reported 7 employees, and received an average PPP loan of $138,136, 153% higher than this company's loan of $54,500.
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. 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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