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PPP Loan Data — North Oaks Physician Group, LLC, Hammond, LA

SBA PPP loan data, payroll data, and salaries for North Oaks Physician Group, LLC
LA

North Oaks Physician Group, LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Hammond, LA

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North Oaks Physician Group, LLC is a limited liability company (LLC) located at 15813 Paul Vega Md Dr in Hammond, Louisiana that received a Coronavirus-related PPP loan from the SBA of $3,141,660.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.14M

Jobs Retained:

192

Loan Approved:

2020-04-30

Lender:

FIRST GUARANTY BANK

North Oaks Physician Group, LLC received a Paycheck Protection Loan of $3.14M through FIRST GUARANTY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, North Oaks Physician Group, LLC's total 2019 payroll expenses were approximately $15.08M in order to qualify for the PPP loan amount received.

Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $78,542 per employee1.

Because the loan received by North Oaks Physician Group, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - North Oaks Physician Group, LLC in Hammond, LA

North Oaks Physician Group, LLC
15813 Paul Vega Md Dr
Hammond, LA 70403

Business Industry

Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-01

Similar Companies near Hammond

In the Hammond area, 25 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 192) and received an average PPP loan of $498,764 (compared to this company's $3.14M).

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, 95% lower than North Oaks Physician Group, LLC's reported 192 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.14M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/north-oaks-physician-group-llc-hammond-la