PPP Loan Data — Midlands Orthopaedics And Neurosurgery, PA, Columbia, SC
Midlands Orthopaedics And Neurosurgery, PA
Location: Columbia, SCTweet This • Search All PPP Data
Midlands Orthopaedics And Neurosurgery, PA is a corporation located at 1910 Blanding St in Columbia, South Carolina that received a Coronavirus-related PPP loan from the SBA of $2,512,095.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:South State Bank, National Association
Midlands Orthopaedics And Neurosurgery, PA in Columbia, SC received a Paycheck Protection Loan of $2.51M through South State Bank, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Midlands Orthopaedics And Neurosurgery, PA's 2019 payroll expenses are estimated to be at least $12.06M.
Based on their reported 193 jobs retained, this equals an estimated average yearly compensation of $62,477 per employee1
Reported PPP Proceed Usage:
On the PPP application, Midlands Orthopaedics And Neurosurgery, PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,512,095
Business Information - Midlands Orthopaedics And Neurosurgery, PA in Columbia, SC
1910 Blanding St
Columbia, SC 29201
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Columbia
In the Columbia area, 22 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 193) and received an average PPP loan of $310,477 (compared to this company's $2.51M).
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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, 94% lower than Midlands Orthopaedics And Neurosurgery, PA's reported 193 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.51M.
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