PPP Loan Data — Ocala Family Medical Center, Inc, Ocala, FL
Ocala Family Medical Center, Inc
Location: Ocala, FLTweet This • Search All PPP Data
Ocala Family Medical Center, Inc is a corporation located at 2230 Sw 19th Ave Rd, in Ocala, Florida that received a Coronavirus-related PPP loan from the SBA of $2,278,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Ocala Family Medical Center, Inc in Ocala, FL received a Paycheck Protection Loan of $2.28M through Regions Bank, 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, Ocala Family Medical Center, Inc's 2019 payroll expenses are estimated to be at least $10.94M.
Based on their reported 230 jobs retained, this equals an estimated average yearly compensation of $47,547 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ocala Family Medical Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,278,300
Business Information - Ocala Family Medical Center, Inc in Ocala, FL
2230 Sw 19th Ave Rd,
Ocala, FL 34471
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: Rural
Similar Companies near Ocala
In the Ocala area, 133 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 230) and received an average PPP loan of $167,464 (compared to this company's $2.28M).
Similar Nearby Businesses Who Received PPP Funding:
Alliance Medical Associates, Inc
Downtown Chiropractic And Wellness Center PA
Infant And Child Nutrition, Inc
Ocala Physician Associates PA
Radiology Imaging Specialists, LLC
D'avi Anesthesia Pl
JET Medical Center, LLC
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, 95% lower than Ocala Family Medical Center, Inc's reported 230 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.28M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!