PPP Loan Data — Grayson And Associates, PC, Birmingham, AL
Grayson And Associates, PC is a subchapter s corporation located at 2200 Lakeshore Dr Ste 150 in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $1,887,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Community Bank of Mississippi
Grayson And Associates, PC in Birmingham, AL received a Paycheck Protection Loan of $1.89M through Community Bank of Mississippi, 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 May, 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, Grayson And Associates, PC's 2019 payroll expenses are estimated to be at least $9.06M.
Based on their reported 144 jobs retained, this equals an estimated average yearly compensation of $62,913 per employee1
Reported PPP Proceed Usage:
On the PPP application, Grayson And Associates, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,887,400
Business Information - Grayson And Associates, PC in Birmingham, AL
2200 Lakeshore Dr Ste 150
Birmingham, AL 35209
Offices of Physicians, Mental Health Specialists
NAICS code 621112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Birmingham
In the Birmingham area, 18 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 144) and received an average PPP loan of $271,716 (compared to this company's $1.89M).
Similar Nearby Businesses Who Received PPP Funding:
Psychiatry Associates, PC
Paul C Weir MD
Pulmonary And Sleep Associates Of Alabama PC
Karen Fitzpatrick, MD., PC
Alabama Heart And Vascular PC
Urology Centers Of Alabama PC
Birmingham Neuropsychology, LLC
Industry PPP Comparison Statistics
Nationwide, 21,049 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1.68B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 8 employees, 94% lower than Grayson And Associates, PC's reported 144 employees, and received an average PPP loan of $80,024, 96% lower than this company's loan of $1.89M.
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Footnotes & Information
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