PPP Loan Data — Clinic Investments, Inc., Marshalltown, IA
Clinic Investments, Inc.
Location: Marshalltown, IATweet This • Search All PPP Data
Clinic Investments, Inc. is a corporation located at 309 E. Church St in Marshalltown, Iowa that received a Coronavirus-related PPP loan from the SBA of $4,284,762.00 in April, 2020.
$ PPP Loan Information
Lender:TWO RIVERS BANK & TRUST
Clinic Investments, Inc. in Marshalltown, IA received a Paycheck Protection Loan of $4.28M through TWO RIVERS BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Clinic Investments, Inc.'s total 2019 payroll expenses were approximately $20.57M 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 $53,699 per employee1.
Business Information - Clinic Investments, Inc. in Marshalltown, IA
309 E. Church St
Marshalltown, IA 50158
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-01
Similar Companies near Marshalltown
In the Marshalltown area, 4 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 114 employees (compared to this company's 383) and received an average PPP loan of $1,409,258 (compared to this company's $4.28M).
Similar Nearby Businesses Who Received PPP Funding:
Wolfe Eye Clinic, PC
Wolfe Clinic Eye Centers, L.C.
Marshalltown Orthopaedics PC
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 Clinic Investments, Inc.'s reported 383 employees, and received an average PPP loan of $138,136, 97% lower than this company's loan of $4.28M.
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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