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PPP Loan Data — Cahaba Medical Care Foundation, Centreville, AL

SBA PPP loan data, payroll data, and salaries for Cahaba Medical Care Foundation
AL Nonprofit Organization

Cahaba Medical Care Foundation

Entity: Non-profit Organization

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Centreville, AL

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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

Loan Size:

$3.07M

Jobs Retained:

288

Loan Approved:

2020-04-10

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.

Because the loan received by Cahaba Medical Care Foundation 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 - Cahaba Medical Care Foundation in Centreville, AL

Cahaba Medical Care Foundation
405 Belcher St
Centreville, AL 35042

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: 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).

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.

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/cahaba-medical-care-foundation-centreville-al