PPP Loan Data — Obgyn Services Of Augusta, Augusta, GA
Obgyn Services Of Augusta
Location: Augusta, GATweet This • Search All PPP Data
Obgyn Services Of Augusta is a corporation located at 2060 Central Ave in Augusta, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,388.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Obgyn Services Of Augusta in Augusta, GA received a Paycheck Protection Loan of $25,388 through Wells Fargo Bank, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Obgyn Services Of Augusta's 2019 payroll expenses are estimated to be at least $121,862.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,621 per employee1
Reported PPP Proceed Usage:
On the PPP application, Obgyn Services Of Augusta reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,388
Business Information - Obgyn Services Of Augusta in Augusta, GA
2060 Central Ave
Augusta, GA 30904
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Augusta
In the Augusta area, 32 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 3) and received an average PPP loan of $110,526 (compared to this company's $25,388).
Similar Nearby Businesses Who Received PPP Funding:
Amy M. Sprague, MD PC
Csra Medical Associates PC
The Foot And Ankle Group, PC
Georgia Medical Clinic Inc
Tracy W. Middlebrooks Jr MD PC
Mark D. Knight, MD., PC
Chance Talley Enterprises, LLC
Dr Keith Sueling PC
Tippett Eyecare PC
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, 267% higher than Obgyn Services Of Augusta's reported 3 employees, and received an average PPP loan of $119,087, 369% higher than this company's loan of $25,388.
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