PPP Loan Data — Cahaba Medical Care Foundation, Centreville, AL
Cahaba Medical Care Foundation
Entity: Non-profit Organization
Location: Centreville, ALTweet This • Search All PPP Data
Cahaba Medical Care Foundation is a non-profit organization located at 405 Belcher St in Centreville, Alabama that received a Coronavirus-related PPP loan from the SBA of $3,072,475.00 in April, 2020.
$ PPP Loan Information
Lender:TRUSTMARK NATIONAL BANK
Cahaba Medical Care Foundation in Centreville, AL received a Paycheck Protection Loan of $3.07M through TRUSTMARK NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cahaba Medical Care Foundation's total 2019 payroll expenses were approximately $14.75M in order to qualify for the PPP loan amount received.
Based on their reported 288 jobs retained, this equals an estimated average yearly compensation of $51,208 per employee1.
Business Information - Cahaba Medical Care Foundation in Centreville, AL
405 Belcher St
Centreville, AL 35042
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-06
Similar Companies near Centreville
In the Centreville area, 4 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 288) and received an average PPP loan of $800,219 (compared to this company's $3.07M).
Similar Nearby Businesses Who Received PPP Funding:
Integrity Orthopaedics, PC
Dr. David Allgood
Jessica Palmer, OD, LLC
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, 97% lower than Cahaba Medical Care Foundation's reported 288 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.07M.
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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