FederalPay.org
PPP Loan Data — Medical Guardian, LLC,
Philadelphia, PA
Medical Guardian, LLC
Entity: Limited Liability Company (LLC)
Industry: Security Systems Services (except Locksmiths)
Location: Philadelphia, PA
Tweet This
•
Search All PPP Data
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:
Jobs Retained:
221Loan Approved:
2020-04-07Lender:
CIBC BANK USAMedical 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.
Business Information - Medical Guardian, LLC in Philadelphia, PA
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-03Similar 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
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!