PPP Loan Data — Commonwealth Primary Care, Inc, Richmond, VA
Commonwealth Primary Care, Inc
Entity: Subchapter S Corporation
Location: Richmond, VATweet This • Search All PPP Data
Commonwealth Primary Care, Inc is a subchapter s corporation located at 1800 Glenside Drive in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,897,432.00 in April, 2020.
$ PPP Loan Information
Lender:ATLANTIC UNION BANK
Commonwealth Primary Care, Inc in Richmond, VA received a Paycheck Protection Loan of $2.9M through ATLANTIC UNION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Commonwealth Primary Care, Inc's total 2019 payroll expenses were approximately $13.91M in order to qualify for the PPP loan amount received.
Based on their reported 264 jobs retained, this equals an estimated average yearly compensation of $52,681 per employee1.
Business Information - Commonwealth Primary Care, Inc in Richmond, VA
1800 Glenside Drive
Richmond, VA 23226
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-07
Similar Companies near Richmond
In the Richmond area, 44 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 264) and received an average PPP loan of $322,820 (compared to this company's $2.9M).
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Commonwealth Pain Specialists, PC
Crossen Family Practice, PC
RVA Pediatric Dentistry Plc
Lakeside Primary Care PC, David C Harrison,MD
Dermatology Specialists PLLC
Partners In Pediatrics, PC
Robert W Deconti, 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, 96% lower than Commonwealth Primary Care, Inc's reported 264 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.9M.
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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