PPP Loan Data — Digestive Health PArtners PA, Asheville, NC
Digestive Health PArtners PA
Entity: Subchapter S Corporation
Location: Asheville, NCTweet This • Search All PPP Data
Digestive Health PArtners PA is a subchapter s corporation located at 191 Biltmore Ave in Asheville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,015,406.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Digestive Health PArtners PA in Asheville, NC received a Paycheck Protection Loan of $3.02M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Digestive Health PArtners PA's total 2019 payroll expenses were approximately $14.47M in order to qualify for the PPP loan amount received.
Based on their reported 224 jobs retained, this equals an estimated average yearly compensation of $64,616 per employee1.
Business Information - Digestive Health PArtners PA in Asheville, NC
191 Biltmore Ave
Asheville, NC 28801
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-10
Similar Companies near Asheville
In the Asheville area, 32 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 224) and received an average PPP loan of $303,242 (compared to this company's $3.02M).
Similar Nearby Businesses Who Received PPP Funding:
Ashewell Medical Group, PA
AH Direct Care, PLLC
Donald R Conway MD PA
Mary Snow Consulting, LLC
Halvorson Plastic Surgery PA
Paul H Riehle
Carolina Men's Clinic Of Asheville
Springfield Radiology Associates, 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, 96% lower than Digestive Health PArtners PA's reported 224 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $3.02M.
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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