PPP Loan Data — New Mexico Orthopaedic Associates, PC, Albuquerque, NM
New Mexico Orthopaedic Associates, PC
Location: Albuquerque, NMTweet This • Search All PPP Data
New Mexico Orthopaedic Associates, PC is a corporation located at 2100 Louisiana Blvd Ne in Albuquerque, New Mexico that received a Coronavirus-related PPP loan from the SBA of $3,406,610.00 in April, 2020.
$ PPP Loan Information
New Mexico Orthopaedic Associates, PC in Albuquerque, NM received a Paycheck Protection Loan of $3.41M through BBVA USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, New Mexico Orthopaedic Associates, PC's total 2019 payroll expenses were approximately $16.35M in order to qualify for the PPP loan amount received.
Based on their reported 241 jobs retained, this equals an estimated average yearly compensation of $67,849 per employee1.
Business Information - New Mexico Orthopaedic Associates, PC in Albuquerque, NM
2100 Louisiana Blvd Ne
Albuquerque, NM 87110
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NM-01
Similar Companies near Albuquerque
In the Albuquerque area, 43 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 241) and received an average PPP loan of $285,400 (compared to this company's $3.41M).
Similar Nearby Businesses Who Received PPP Funding:
Southwest Neurosurgical Associates PC
Douglas L Brown, MD PC
X-Ray Associates Of New Mexico, PC
Hands On Health Care, PC
Bear Canyon Health Circle
Western Dermatology Consultants, PC
National Security Psychological Services
Dermatology & Skin Cancer Center Of Nm
Albuquerque Dermatology Assoc PA
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 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 10 employees, 96% lower than New Mexico Orthopaedic Associates, PC's reported 241 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.41M.
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, and is published unmodified, as provided by the SBA.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!