PPP Loan Data — Charleston Gastroenterology Associates PLLC, Charleston, WV
Charleston Gastroenterology Associates PLLC
Entity: Limited Liability Partnership
Location: Charleston, WVTweet This • Search All PPP Data
Charleston Gastroenterology Associates PLLC is a limited liability partnership located at 3100 Maccorkle Ave Ste 509 in Charleston, West Virginia that received a Coronavirus-related PPP loan from the SBA of $359,800.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Charleston Gastroenterology Associates PLLC received a Paycheck Protection Loan of $359,800 through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Charleston Gastroenterology Associates PLLC's total 2019 payroll expenses were approximately $1.73M in order to qualify for the PPP loan amount received.
Based on their reported 25 jobs retained, this equals an estimated average yearly compensation of $69,082 per employee1.
Business Information - Charleston Gastroenterology Associates PLLC in Charleston, WV
3100 Maccorkle Ave Ste 509
Charleston, WV 25304
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WV-02
Similar Companies near Charleston
In the Charleston area, 46 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 25) and received an average PPP loan of $222,766 (compared to this company's $359,800).
Similar Nearby Businesses Who Received PPP Funding:
Capitol Massage, Inc.
Edward H Tiley III MD Inc
Stephen P Cassis MD
Steven C Southern, MD
Afif S Habash, MD
Bandak Plastic Surgery, PLLC
H Richard Reynolds, MD
Neurology & Headache Clinic PLLC
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, 60% lower than Charleston Gastroenterology Associates PLLC's reported 25 employees, and received an average PPP loan of $138,136, 62% lower than this company's loan of $359,800.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!