PPP Loan Data — Central Anesthesia Service Exchange Medical Group, Inc., Sacramento, CA
Central Anesthesia Service Exchange Medical Group, Inc.
Location: Sacramento, CATweet This • Search All PPP Data
Central Anesthesia Service Exchange Medical Group, Inc. is a corporation located at 3315 Watt Ave in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $3,496,419.00 in April, 2020.
$ PPP Loan Information
Lender:RIVER CITY BANK
Central Anesthesia Service Exchange Medical Group, Inc. received a Paycheck Protection Loan of $3.5M through RIVER CITY BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 140 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 168.
Based on standard PPP eligibility rules, Central Anesthesia Service Exchange Medical Group, Inc.'s total 2019 payroll expenses were approximately $16.78M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 140 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Central Anesthesia Service Exchange Medical Group, Inc. in Sacramento, CA
3315 Watt Ave
Sacramento, CA 95821
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-06
Similar Companies near Sacramento
In the Sacramento area, 15 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 140) and received an average PPP loan of $292,787 (compared to this company's $3.5M).
Similar Nearby Businesses Who Received PPP Funding:
Douglas Young MD Inc
Dr Niki Young Naturopathic PC
WU And Pan Medical Associates
Metropolitan Pain Management Consultants
Tracy L Burns MD, 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, 93% lower than Central Anesthesia Service Exchange Medical Group, Inc.'s reported 140 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.5M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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