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PPP Loan Data — Northern Medical Group, PLLC,
Brewster, NY
Northern Medical Group, PLLC
Entity: Limited Liability Company (LLC)
Industry: Offices of Physicians, Mental Health Specialists
Location: Brewster, NY
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Northern Medical Group, PLLC is a limited liability company (LLC) located at 111 Clocktower Commons in Brewster, New York that received a Coronavirus-related PPP loan from the SBA of $3,223,852.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
234Loan Approved:
2020-04-15Lender:
MANUFACTURERS AND TRADERS TRUST COMPANYNorthern Medical Group, PLLC in Brewster, NY received a Paycheck Protection Loan of $3.22M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Northern Medical Group, PLLC's total 2019 payroll expenses were approximately $15.47M in order to qualify for the PPP loan amount received.
Based on their reported 234 jobs retained, this equals an estimated average yearly compensation of $66,130 per employee1.
Business Information - Northern Medical Group, PLLC in Brewster, NY
111 Clocktower Commons
Brewster, NY 10509
Business Industry
Offices of Physicians, Mental Health Specialists (NAICS code 621112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-18Similar Companies near Brewster
In the Brewster area, 3 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 234) and received an average PPP loan of $1,088,651 (compared to this company's $3.22M).
Similar Nearby Businesses Who Received PPP Funding:
Hudson Valley Regional Community Health Centers, Inc.
Brewster, NY
Dr. Jeff Pracella
Brewster, NY
Industry PPP Comparison Statistics
Nationwide, 13,272 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1,260,960,972.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 97% lower than Northern Medical Group, PLLC's reported 234 employees, and received an average PPP loan of $95,009, 97% lower than this company's loan of $3.22M.
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.
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