PPP Loan Data — Kettering Anesthesia Associates Inc, Dayton, OH
Kettering Anesthesia Associates Inc
Location: Dayton, OHTweet This • Search All PPP Data
Kettering Anesthesia Associates Inc is a corporation located at 3533 Southern Blvd in Dayton, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,624,900.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Kettering Anesthesia Associates Inc in Dayton, OH received a Paycheck Protection Loan of $3.62M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 133 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 174.
Based on standard PPP eligibility rules, Kettering Anesthesia Associates Inc's total 2019 payroll expenses were approximately $17.4M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 133 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Kettering Anesthesia Associates Inc in Dayton, OH
3533 Southern Blvd
Dayton, OH 45429
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-10
Similar Companies near Dayton
In the Dayton area, 33 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 133) and received an average PPP loan of $260,344 (compared to this company's $3.62M).
Similar Nearby Businesses Who Received PPP Funding:
Kidney Care Specialists, LLC
Hadley Medicine, PLLC
Ronald S Kahn MD
Miami Valley Colon & Rectal Surgeons, Inc
Deepak Sarwal MD LLC
Paragon Womens Care Inc
Pani Akuthota MD Inc
Meike L Schipper MD
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 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 10 employees, 92% lower than Kettering Anesthesia Associates Inc's reported 133 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.62M.
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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