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PPP Loan Data — Medical Guardian, LLC, Philadelphia, PA

SBA PPP loan data, payroll data, and salaries for Medical Guardian, LLC
PA

Medical Guardian, LLC

Entity: Limited Liability Company (LLC)

Industry: Security Systems Services (except Locksmiths)

Location: Philadelphia, PA

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Medical Guardian, LLC is a limited liability company (LLC) located at 1818 Market St in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,777,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.78M

Jobs Retained:

221

Loan Approved:

2020-04-07

Lender:

CIBC BANK USA

Medical Guardian, LLC in Philadelphia, PA received a Paycheck Protection Loan of $2.78M through CIBC BANK USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Medical Guardian, LLC's total 2019 payroll expenses were approximately $13.33M in order to qualify for the PPP loan amount received.

Based on their reported 221 jobs retained, this equals an estimated average yearly compensation of $60,319 per employee1.

Because the loan received by Medical Guardian, LLC 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 - Medical Guardian, LLC in Philadelphia, PA

Medical Guardian, LLC
1818 Market St
Philadelphia, PA 19103

Business Industry

Security Systems Services (except Locksmiths) (NAICS code 561621)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-03

Similar Companies near Philadelphia

In the Philadelphia area, 2 businesses in the "Security Systems Services (except Locksmiths)" industry received a PPP loan. These local businesses reported an average of 111 employees (compared to this company's 221) and received an average PPP loan of $1,435,650 (compared to this company's $2.78M).

Similar Nearby Businesses Who Received PPP Funding:

Wilco Electronic Systems, Inc.
Fort Washington, PA

$94,100 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,289 businesses in the "Security Systems Services (except Locksmiths)" industry received a total of $839,803,057.00 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 14 employees, 94% lower than Medical Guardian, LLC's reported 221 employees, and received an average PPP loan of $158,783, 94% lower than this company's loan of $2.78M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/medical-guardian-llc-philadelphia-pa