PPP Loan Data — Dermatology Associates Of Tallahassee PA, Tallahassee, FL
Dermatology Associates Of Tallahassee PA
Entity: Subchapter S Corporation
Location: Tallahassee, FLTweet This • Search All PPP Data
Dermatology Associates Of Tallahassee PA is a subchapter s corporation located at 1707 Riggins Rd in Tallahassee, Florida that received a Coronavirus-related PPP loan from the SBA of $2,689,900.00 in April, 2020.
$ PPP Loan Information
Lender:HANCOCK WHITNEY BANK
Dermatology Associates Of Tallahassee PA in Tallahassee, FL received a Paycheck Protection Loan of $2.69M through HANCOCK WHITNEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Dermatology Associates Of Tallahassee PA's total 2019 payroll expenses were approximately $12.91M in order to qualify for the PPP loan amount received.
Based on their reported 257 jobs retained, this equals an estimated average yearly compensation of $50,239 per employee1.
Business Information - Dermatology Associates Of Tallahassee PA in Tallahassee, FL
1707 Riggins Rd
Tallahassee, FL 32308
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-05
Similar Companies near Tallahassee
In the Tallahassee area, 65 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 257) and received an average PPP loan of $459,269 (compared to this company's $2.69M).
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Gynecology & Obstetrics Associates Of Tallahassee
Capital Nephrology Clinic, PA
Tallahassee Pulmonary Clinic, PA
Andrew M Scanameo MD LLC
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 Dermatology Associates Of Tallahassee PA's reported 257 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.69M.
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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