PPP Loan Data — Capital Internal Medicine Associates PC, Lansing, MI
Capital Internal Medicine Associates PC
Location: Lansing, MITweet This • Search All PPP Data
Capital Internal Medicine Associates PC is a corporation located at 3955 Patient Care Way in Lansing, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,516,800.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 190 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Capital Internal Medicine Associates PC in Lansing, MI received a Paycheck Protection Loan of $2.52M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Capital Internal Medicine Associates PC's total 2019 payroll expenses were approximately $12.08M in order to qualify for the PPP loan amount received.
Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $63,582 per employee1.
Business Information - Capital Internal Medicine Associates PC in Lansing, MI
3955 Patient Care Way
Lansing, MI 48911
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: MI-08
Similar Companies near Lansing
In the Lansing area, 41 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 190) and received an average PPP loan of $242,886 (compared to this company's $2.52M).
Similar Nearby Businesses Who Received PPP Funding:
LG Enterprises LLC
Jason Cochran DO PC
Bruce A Klunzinger, MD, PC
Lansing Surgical Associates, PLLC
Advanced Rheumatology PC
Physician's Occupational Health Care, PC
Patrick H Noud MD Plc
Daniel R Mesko D O P C
Harold F Roth, DO
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 Capital Internal Medicine Associates PC's reported 190 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.52M.
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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