PPP Loan Data — Mid Valley Ipa, Inc, Salem, OR
Mid Valley Ipa, Inc
Location: Salem, ORTweet This • Search All PPP Data
Mid Valley Ipa, Inc is a corporation located at 2995 High St Se in Salem, Oregon that received a Coronavirus-related PPP loan from the SBA of $1,787,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:KeyBank National Association
Mid Valley Ipa, Inc in Salem, OR received a Paycheck Protection Loan of $1.79M through KeyBank National Association, which was approved in April, 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 February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Mid Valley Ipa, Inc's 2019 payroll expenses are estimated to be at least $8.58M.
Based on their reported 134 jobs retained, this equals an estimated average yearly compensation of $64,044 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mid Valley Ipa, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,787,900
Business Information - Mid Valley Ipa, Inc in Salem, OR
2995 High St Se
Salem, OR 97302
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Salem
In the Salem area, 100 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 134) and received an average PPP loan of $330,290 (compared to this company's $1.79M).
Similar Nearby Businesses Who Received PPP Funding:
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Oregon Heart Center, PC
Sensible Speech Language Pathology Inc
Joshua K Walterscheid MD PC
Willamette Orthopedic Group LLC
Dermatology Clinic, PC
Physicians Building Group, LLP
DR. Nini Callan, LLC
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 92% lower than Mid Valley Ipa, Inc's reported 134 employees, and received an average PPP loan of $119,087, 93% lower than this company's loan of $1.79M.
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