PPP Loan Data — Carepoint, PC, Englewood, CO
Location: Englewood, COTweet This • Search All PPP Data
Carepoint, PC is a corporation located at 5600 S. Quebec St. in Englewood, Colorado that received a Coronavirus-related PPP loan from the SBA of $7,222,000.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Carepoint, PC received a Paycheck Protection Loan of $7.22M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Carepoint, PC's total 2019 payroll expenses were approximately $34.67M in order to qualify for the PPP loan amount received.
Based on their reported 383 jobs retained, this equals an estimated average yearly compensation of $90,511 per employee1.
Business Information - Carepoint, PC in Englewood, CO
5600 S. Quebec St.
Englewood, CO 80111
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CO-06
Similar Companies near Englewood
In the Englewood area, 104 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 383) and received an average PPP loan of $404,434 (compared to this company's $7.22M).
Similar Nearby Businesses Who Received PPP Funding:
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1ST Allergy And Clinical Research Group, Inc.
Paul E Cutarelli MD PLLC
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Pediatrics 5280, PC
Core Aesthetics, LLC
Cobalt Technical Solutions, Incorporated
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 Carepoint, PC's reported 383 employees, and received an average PPP loan of $138,136, 98% lower than this company's loan of $7.22M.
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.
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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