PPP Loan Data — Georgia Cancer Specialiats I, PC, Atlanta, GA
Georgia Cancer Specialiats I, PC
Entity: Subchapter S Corporation
Location: Atlanta, GATweet This • Search All PPP Data
Georgia Cancer Specialiats I, PC is a subchapter s corporation located at 1835 Savoy Drive, Suite 300 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,900,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Georgia Cancer Specialiats I, PC in Atlanta, GA received a Paycheck Protection Loan of $1.9M through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in May, 2020.
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, Georgia Cancer Specialiats I, PC's 2019 payroll expenses are estimated to be at least $9.12M.
Based on their reported 219 jobs retained, this equals an estimated average yearly compensation of $41,644 per employee1
Reported PPP Proceed Usage:
On the PPP application, Georgia Cancer Specialiats I, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,900,000
Business Information - Georgia Cancer Specialiats I, PC in Atlanta, GA
1835 Savoy Drive, Suite 300
Atlanta, GA 30341
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 176 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 219) and received an average PPP loan of $228,492 (compared to this company's $1.9M).
Similar Nearby Businesses Who Received PPP Funding:
Holistic Medical Services Inc
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Jason Kim DDS PC
Chamblee Children's Clinic
The Kane Clinics LLC
JAY A Levin MD PC
Nami Georgia Inc
S.val Plastic Surgery PC
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 Georgia Cancer Specialiats I, PC's reported 219 employees, and received an average PPP loan of $119,087, 94% lower than this company's loan of $1.9M.
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Footnotes & Information
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