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PPP Loan Data — Mediko, Inc., Henrico, VA

SBA PPP loan data, payroll data, and salaries for Mediko, Inc.

Mediko, Inc.

Entity: Subchapter S Corporation

Industry: Offices of Physicians, Mental Health Specialists

Location: Henrico, VA

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Mediko, Inc. is a subchapter s corporation located at 3900 Westerre Parkway in Henrico, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,566,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Mediko, Inc. received a Paycheck Protection Loan of $2.57M through SONABANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mediko, Inc.'s total 2019 payroll expenses were approximately $12.32M in order to qualify for the PPP loan amount received.

Based on their reported 285 jobs retained, this equals an estimated average yearly compensation of $43,232 per employee1.

Because the loan received by Mediko, 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 - Mediko, Inc. in Henrico, VA

Mediko, Inc.
3900 Westerre Parkway
Henrico, VA 23233

Business Industry

Offices of Physicians, Mental Health Specialists (NAICS code 621112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: VA-07

Similar Companies near Henrico

In the Henrico area, 6 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 285) and received an average PPP loan of $499,898 (compared to this company's $2.57M).

Industry PPP Comparison Statistics

Nationwide, 13,272 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1,260,960,972.00 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 Mediko, Inc.'s reported 285 employees, and received an average PPP loan of $95,009, 96% lower than this company's loan of $2.57M.

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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** This Document Provided By - The Civil Employee's Resource **