PPP Loan Data — Midwest Gastrointestinal Associates, PC, Omaha, NE
Midwest Gastrointestinal Associates, PC
Location: Omaha, NETweet This • Search All PPP Data
Midwest Gastrointestinal Associates, PC is a corporation located at 8901 Indian Hills Drive, Suite 200 in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $1,667,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:American National Bank
Midwest Gastrointestinal Associates, PC in Omaha, NE received a Paycheck Protection Loan of $1.67M through American National Bank, 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, Midwest Gastrointestinal Associates, PC's 2019 payroll expenses are estimated to be at least $8M.
Based on their reported 104 jobs retained, this equals an estimated average yearly compensation of $76,962 per employee1
Reported PPP Proceed Usage:
On the PPP application, Midwest Gastrointestinal Associates, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,667,500
Business Information - Midwest Gastrointestinal Associates, PC in Omaha, NE
8901 Indian Hills Drive, Suite 200
Omaha, NE 68114
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: N
Rural / Urban: Urban
Similar Companies near Omaha
In the Omaha area, 63 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 104) and received an average PPP loan of $274,060 (compared to this company's $1.67M).
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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, 89% lower than Midwest Gastrointestinal Associates, PC's reported 104 employees, and received an average PPP loan of $119,087, 93% lower than this company's loan of $1.67M.
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