PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Community Clinic, Inc., Silver Spring, MD

SBA PPP loan data, payroll data, and salaries for Community Clinic, Inc.
MD

Community Clinic, Inc.

Entity: Professional Association

Industry: All Other Miscellaneous Ambulatory Health Care Services

Location: Silver Spring, MD

Search All PPP Data

Community Clinic, Inc. is a professional association located at 1204 Fenton St, Ste 1204 in Silver Spring, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,445,185.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.45M

Jobs Retained:

260

Loan Approved:

2020-04-27

Lender:

CONGRESSIONAL BANK

Community Clinic, Inc. received a Paycheck Protection Loan of $3.45M through CONGRESSIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Community Clinic, Inc.'s total 2019 payroll expenses were approximately $16.54M in order to qualify for the PPP loan amount received.

Based on their reported 260 jobs retained, this equals an estimated average yearly compensation of $63,603 per employee1.

Because the loan received by Community Clinic, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Community Clinic, Inc. in Silver Spring, MD

Community Clinic, Inc.
1204 Fenton St, Ste 1204
Silver Spring, MD 20910

Business Industry

All Other Miscellaneous Ambulatory Health Care Services (NAICS code 621999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-08

Similar Companies near Silver Spring

In the Silver Spring area, 3 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 106 employees (compared to this company's 260) and received an average PPP loan of $1,224,695 (compared to this company's $3.45M).

Industry PPP Comparison Statistics

Nationwide, 13,305 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1,358,409,224.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 96% lower than Community Clinic, Inc.'s reported 260 employees, and received an average PPP loan of $102,098, 97% lower than this company's loan of $3.45M.

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.

Search FederalPay's Full PPP Loan Database

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!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/community-clinic-inc-silver-spring-md