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PPP Loan Data — Medical Consultants Group,
Palmetto, GA
Medical Consultants Group
Entity: Limited Liability Company (LLC)
Industry: Offices of All Other Miscellaneous Health Practitioners
Location: Palmetto, GA
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Medical Consultants Group is a limited liability company (LLC) located in Palmetto, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,600.00 in June, 2020.
$
PPP Loan Information
Loan #7863077807
Loan Size:
Jobs Retained:
1Loan Approved:
2020-06-04Loan Status:
Paid in Full or ForgivenLender:
Regions BankMedical Consultants Group in Palmetto, GA received a Paycheck Protection Loan of $4,600 through Regions Bank, which was approved in June, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.
Reported PPP Proceed Usage:
On the PPP application, Medical Consultants Group reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,600
Business Information - Medical Consultants Group in Palmetto, GA
Palmetto, GA
* Full address is redacted to protect the privacy of individuals.
Business Industry:
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Palmetto
In the Palmetto area, 11 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $15,383 (compared to this company's $4,600).
Similar Nearby Businesses Who Received PPP Funding:
Waterfalls Medical Practice, PC
Peachtree Cty, GA
Galikhan LLC
Peachtree City, GA
The Nutrition Shoppe
Peachtree City, GA
Amy Head Inc
Peachtree City, GA
Wallace Brooks & Associates, LLC
Peachtree City, GA
Balanced Energy Wellness LLC
Peachtree City, GA
Laura Marchese
Peachtree City, GA
Douglasville F.s. Inc
Peachtree City, GA
Industry PPP Comparison Statistics
Nationwide, 63,161 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.46B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 5 employees, 400% higher than Medical Consultants Group's reported 1 employees, and received an average PPP loan of $38,880, 745% higher than this company's loan of $4,600.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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