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PPP Loan Data — Mayfield Clinic, Inc, Cincinnati, OH

SBA PPP loan data, payroll data, and salaries for Mayfield Clinic, Inc
OH

Mayfield Clinic, Inc

Entity: Subchapter S Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Cincinnati, OH

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Mayfield Clinic, Inc is a subchapter s corporation located at 3825 Edwards Road in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,174,655.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.17M

Jobs Retained:

196

Loan Approved:

2020-04-15

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Mayfield Clinic, Inc received a Paycheck Protection Loan of $3.17M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mayfield Clinic, Inc's total 2019 payroll expenses were approximately $15.24M in order to qualify for the PPP loan amount received.

Based on their reported 196 jobs retained, this equals an estimated average yearly compensation of $77,747 per employee1.

Because the loan received by Mayfield Clinic, Inc 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 - Mayfield Clinic, Inc in Cincinnati, OH

Mayfield Clinic, Inc
3825 Edwards Road
Cincinnati, OH 45209

Business Industry

Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-02

Similar Companies near Cincinnati

In the Cincinnati area, 20 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 196) and received an average PPP loan of $528,276 (compared to this company's $3.17M).

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, 95% lower than Mayfield Clinic, Inc's reported 196 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.17M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mayfield-clinic-inc-cincinnati-oh