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PPP Loan Data — Mercy Professional Care Corporation, Canton, OH

SBA PPP loan data, payroll data, and salaries for Mercy Professional Care Corporation
OH

Mercy Professional Care Corporation

Entity: Corporation

Industry: Offices of Physicians, Mental Health Specialists

Location: Canton, OH

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Mercy Professional Care Corporation is a corporation located at 1320 Mercy Dr, Nw in Canton, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,956,224.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.96M

Jobs Retained:

227

Loan Approved:

2020-04-28

Lender:

KEYBANK NATIONAL ASSOCIATION

Mercy Professional Care Corporation received a Paycheck Protection Loan of $2.96M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mercy Professional Care Corporation's total 2019 payroll expenses were approximately $14.19M in order to qualify for the PPP loan amount received.

Based on their reported 227 jobs retained, this equals an estimated average yearly compensation of $62,510 per employee1.

Because the loan received by Mercy Professional Care Corporation 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 - Mercy Professional Care Corporation in Canton, OH

Mercy Professional Care Corporation
1320 Mercy Dr, Nw
Canton, OH 44708

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-07

Similar Companies near Canton

In the Canton area, 2 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 159 employees (compared to this company's 227) and received an average PPP loan of $1,713,718 (compared to this company's $2.96M).

Similar Nearby Businesses Who Received PPP Funding:

Whitehouse Behavioral Health
North Canton, OH

$471,212 PPP Loan

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, 96% lower than Mercy Professional Care Corporation's reported 227 employees, and received an average PPP loan of $95,009, 97% lower than this company's loan of $2.96M.

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.

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/mercy-professional-care-corporation-canton-oh