PPP Loan Data — First Coast Cardiovascular Institute, PA, Jacksonville, FL
First Coast Cardiovascular Institute, PA
Location: Jacksonville, FLTweet This • Search All PPP Data
First Coast Cardiovascular Institute, PA is a corporation located at 7011 Ac Skinner Pkwy Suite 150 in Jacksonville, Florida that received a Coronavirus-related PPP loan from the SBA of $1,762,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
First Coast Cardiovascular Institute, PA in Jacksonville, FL received a Paycheck Protection Loan of $1.76M through Ameris Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, First Coast Cardiovascular Institute, PA's 2019 payroll expenses are estimated to be at least $8.46M.
Based on their reported 147 jobs retained, this equals an estimated average yearly compensation of $57,538 per employee1
Reported PPP Proceed Usage:
On the PPP application, First Coast Cardiovascular Institute, PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,409,700
- Utilities: $176,200
- Rent: $176,200
Business Information - First Coast Cardiovascular Institute, PA in Jacksonville, FL
7011 Ac Skinner Pkwy Suite 150
Jacksonville, FL 32256
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Jacksonville
In the Jacksonville area, 71 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 147) and received an average PPP loan of $213,679 (compared to this company's $1.76M).
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Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B 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 11 employees, 93% lower than First Coast Cardiovascular Institute, PA's reported 147 employees, and received an average PPP loan of $119,087, 93% lower than this company's loan of $1.76M.
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