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PPP Loan Data — Instride Foot And Ankle Specialists, Concord, NC

SBA PPP loan data, payroll data, and salaries for Instride Foot And Ankle Specialists

Instride Foot And Ankle Specialists

Entity: Professional Association

Industry: Offices of Podiatrists

Location: Concord, NC

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Instride Foot And Ankle Specialists is a professional association located at 1036 Branchview Dr in Concord, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,562,625.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 314 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Instride Foot And Ankle Specialists in Concord, NC received a Paycheck Protection Loan of $2.56M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Instride Foot And Ankle Specialists' total 2019 payroll expenses were approximately $12.3M in order to qualify for the PPP loan amount received.

Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $39,174 per employee1.

Because the loan received by Instride Foot And Ankle Specialists is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Instride Foot And Ankle Specialists in Concord, NC

Instride Foot And Ankle Specialists
1036 Branchview Dr
Concord, NC 28025

Business Industry

Offices of Podiatrists (NAICS code 621391)

Business Owner Demographics

Race / Ethnicity: Unreported


Veteran Status: NON-VETERAN

Congressional District: NC-08

Industry PPP Comparison Statistics

Nationwide, 4,467 businesses in the "Offices of Podiatrists" industry received a total of $253,871,359.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 98% lower than Instride Foot And Ankle Specialists' reported 314 employees, and received an average PPP loan of $56,833, 98% lower than this company's loan of $2.56M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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