TX

Medical Center Pediatrics

Entity: Limited Liability Partnership

Industry: Offices of Physicians (except Mental Health Specialists)

Location: San Antonio, TX

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Medical Center Pediatrics is a limited liability partnership located at 2020 Babcock Rd Ste 19 in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $187,500.00 in April, 2020.

$ PPP Loan Information Loan #3707977305

Medical Center Pediatrics in San Antonio, TX received a Paycheck Protection Loan of $187,500 through BBVA USA, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

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, Medical Center Pediatrics' 2019 payroll expenses are estimated to be at least $900,000.

Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $69,231 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Medical Center Pediatrics reported intending to use the proceeds of their PPP loan for the following expenses:

• Payroll: $187,500

Business Information - Medical Center Pediatrics in San Antonio, TX

Similar Companies near San Antonio

In the San Antonio area, 172 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 13) and received an average PPP loan of $243,733 (compared to this company's $187,500).

Industry PPP Comparison Statistics

Nationwide, 166,360 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20,497,104,478.00 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 11 employees, 15% lower than Medical Center Pediatrics' reported 13 employees, and received an average PPP loan of $123,209, 34% lower than this company's loan of $187,500.