PPP Loan Data — Frederick Primary Care Associates, PA, Brunswick, MD
Frederick Primary Care Associates, PA
Location: Brunswick, MDTweet This • Search All PPP Data
Frederick Primary Care Associates, PA is a corporation located at 610 Ninth Ave in Brunswick, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,446,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Frederick Primary Care Associates, PA in Brunswick, MD received a Paycheck Protection Loan of $2.45M through ACNB Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Frederick Primary Care Associates, PA's 2019 payroll expenses are estimated to be at least $11.74M.
Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $56,451 per employee1
Reported PPP Proceed Usage:
On the PPP application, Frederick Primary Care Associates, PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,446,200
Business Information - Frederick Primary Care Associates, PA in Brunswick, MD
610 Ninth Ave
Brunswick, MD 21716
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 Brunswick
In the Brunswick area, 2 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 108 employees (compared to this company's 208) and received an average PPP loan of $1,263,847 (compared to this company's $2.45M).
Similar Nearby Businesses Who Received PPP Funding:
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, 95% lower than Frederick Primary Care Associates, PA's reported 208 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.45M.
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Footnotes & Information
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