PPP Loan Data — Charleston Oncology, PA, Charleston, SC
Charleston Oncology, PA
Entity: Professional Association
Location: Charleston, SCTweet This • Search All PPP Data
Charleston Oncology, PA is a professional association located at 2085 Henry Tecklenburg Dr 2nd Floor in Charleston, South Carolina that received a Coronavirus-related PPP loan from the SBA of $2,074,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Beacon Community Bank
Charleston Oncology, PA in Charleston, SC received a Paycheck Protection Loan of $2.07M through Beacon Community Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Charleston Oncology, PA's 2019 payroll expenses are estimated to be at least $9.96M.
Based on their reported 162 jobs retained, this equals an estimated average yearly compensation of $61,455 per employee1
Reported PPP Proceed Usage:
On the PPP application, Charleston Oncology, PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,074,100
Business Information - Charleston Oncology, PA in Charleston, SC
2085 Henry Tecklenburg Dr 2nd Floor
Charleston, SC 29414
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Charleston
In the Charleston area, 27 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 162) and received an average PPP loan of $430,936 (compared to this company's $2.07M).
Similar Nearby Businesses Who Received PPP Funding:
John C Macilwaine MD LLC
Independent Examiners Of Florida LLC
Charleston Neurosciences Institute, LLC
Dermatology And Laser Center Of Charleston, PA
Palmetto Kidney And Hypertension LLC
Coastal Pediatric Associates PA
Sweetgrass Counseling LLC
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B 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 11 employees, 93% lower than Charleston Oncology, PA's reported 162 employees, and received an average PPP loan of $119,087, 94% lower than this company's loan of $2.07M.
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Footnotes & Information
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