PPP Loan Data — Neurological Associates Of Tucson PC, Tucson, AZ
Neurological Associates Of Tucson PC
Entity: Subchapter S Corporation
Location: Tucson, AZTweet This • Search All PPP Data
Neurological Associates Of Tucson PC is a subchapter s corporation located at 2450 E River Rd in Tucson, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,283,804.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Commerce Bank of Arizona
Neurological Associates Of Tucson PC in Tucson, AZ received a Paycheck Protection Loan of $2.28M through Commerce Bank of Arizona, which was approved in April, 2020.
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, Neurological Associates Of Tucson PC's 2019 payroll expenses are estimated to be at least $10.96M.
Based on their reported 175 jobs retained, this equals an estimated average yearly compensation of $62,641 per employee1
Reported PPP Proceed Usage:
On the PPP application, Neurological Associates Of Tucson PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,283,804
Business Information - Neurological Associates Of Tucson PC in Tucson, AZ
2450 E River Rd
Tucson, AZ 85718
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 Tucson
In the Tucson area, 60 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 175) and received an average PPP loan of $269,186 (compared to this company's $2.28M).
Similar Nearby Businesses Who Received PPP Funding:
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Scott Sheftel MD Plc
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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 Neurological Associates Of Tucson PC's reported 175 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.28M.
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