PPP Loan Data — Familycare Medical Group, PC, Syracuse, NY
Familycare Medical Group, PC
Entity: Limited Liability Company (LLC)
Location: Syracuse, NYTweet This • Search All PPP Data
Familycare Medical Group, PC is a limited liability company (LLC) located at 1001 W Fayette St in Syracuse, New York that received a Coronavirus-related PPP loan from the SBA of $5,692,580.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Familycare Medical Group, PC received a Paycheck Protection Loan of $5.69M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Familycare Medical Group, PC's total 2019 payroll expenses were approximately $27.32M in order to qualify for the PPP loan amount received.
Based on their reported 479 jobs retained, this equals an estimated average yearly compensation of $57,045 per employee1.
Business Information - Familycare Medical Group, PC in Syracuse, NY
1001 W Fayette St
Syracuse, NY 13204
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-24
Similar Companies near Syracuse
In the Syracuse area, 9 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 64 employees (compared to this company's 479) and received an average PPP loan of $1,200,012 (compared to this company's $5.69M).
Similar Nearby Businesses Who Received PPP Funding:
Syracuse Otolaryngology PLLC
Vascular Surgeons Of Central New York, PLLC
Comprehensive Gynecology, PC
Syracuse Eye Physicians, LLP
CNY Fertility, PLLC
Prospect Hill Radiology Group, PC
Orthopedics East PC
St Joseph's Pathology, 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, 98% lower than Familycare Medical Group, PC's reported 479 employees, and received an average PPP loan of $138,136, 98% lower than this company's loan of $5.69M.
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, 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.
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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