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PPP Loan Data — Mcrory Pediatric Services, Inc., Tarzana, CA

SBA PPP loan data, payroll data, and salaries for Mcrory Pediatric Services, Inc.
CA

Mcrory Pediatric Services, Inc.

Entity: Corporation

Industry: Offices of Physical, Occupational and Speech Therapists, and Audiologists

Location: Tarzana, CA

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Mcrory Pediatric Services, Inc. is a corporation located at 19019 Ventura Blvd in Tarzana, California that received a Coronavirus-related PPP loan from the SBA of $2,458,165.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.46M

Jobs Retained:

298

Loan Approved:

2020-04-15

Lender:

MUFG UNION BANK, NATIONAL ASSOCIATION

Mcrory Pediatric Services, Inc. received a Paycheck Protection Loan of $2.46M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mcrory Pediatric Services, Inc.'s total 2019 payroll expenses were approximately $11.8M in order to qualify for the PPP loan amount received.

Based on their reported 298 jobs retained, this equals an estimated average yearly compensation of $39,595 per employee1.

Because the loan received by Mcrory Pediatric Services, 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 - Mcrory Pediatric Services, Inc. in Tarzana, CA

Mcrory Pediatric Services, Inc.
19019 Ventura Blvd
Tarzana, CA 91356

Business Industry

Offices of Physical, Occupational and Speech Therapists, and Audiologists (NAICS code 621340)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-30

Similar Companies near Tarzana

In the Tarzana area, 13 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 298) and received an average PPP loan of $311,138 (compared to this company's $2.46M).

Industry PPP Comparison Statistics

Nationwide, 21,136 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a total of $1,682,147,868.00 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 8 employees, 97% lower than Mcrory Pediatric Services, Inc.'s reported 298 employees, and received an average PPP loan of $79,587, 97% lower than this company's loan of $2.46M.

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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Source: www.federalpay.org/paycheck-protection-program/mcrory-pediatric-services-inc-tarzana-ca