PPP Loan Data — Help Physician Specialists In Anesthesia PC, Atlanta, GA
Help Physician Specialists In Anesthesia PC
Location: Atlanta, GATweet This • Search All PPP Data
Help Physician Specialists In Anesthesia PC is a corporation located at 5671 Peachtree Dunwoody Rd Ste 610 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,286,475.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Help Physician Specialists In Anesthesia PC in Atlanta, GA received a Paycheck Protection Loan of $2.29M through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 110. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Help Physician Specialists In Anesthesia PC's 2019 payroll expenses are estimated to be at least $10.98M (not accounting for salary amounts > $100k).
Because the 91 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Help Physician Specialists In Anesthesia PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,286,475
Business Information - Help Physician Specialists In Anesthesia PC in Atlanta, GA
5671 Peachtree Dunwoody Rd Ste 610
Atlanta, GA 30342
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: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 163 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 91) and received an average PPP loan of $241,714 (compared to this company's $2.29M).
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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, 88% lower than Help Physician Specialists In Anesthesia PC's reported 91 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.29M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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