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PPP Loan Data — Ogden Clinic Professional Corporation, Ogden, UT

SBA PPP loan data, payroll data, and salaries for Ogden Clinic Professional Corporation
UT

Ogden Clinic Professional Corporation

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Ogden, UT

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Ogden Clinic Professional Corporation is a corporation located at 1491 East Ridgeline Drive in Ogden, Utah that received a Coronavirus-related PPP loan from the SBA of $9,665,589.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$9.67M

Jobs Retained:

500

Loan Approved:

2020-04-09

Lender:

GOLDENWEST FCU

Ogden Clinic Professional Corporation in Ogden, UT received a Paycheck Protection Loan of $9.67M through GOLDENWEST FCU, which was approved in April, 2020.

Based on standard PPP eligibility rules, Ogden Clinic Professional Corporation's total 2019 payroll expenses were approximately $46.39M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $92,790 per employee1.

Because the loan received by Ogden Clinic Professional Corporation 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 - Ogden Clinic Professional Corporation in Ogden, UT

Ogden Clinic Professional Corporation
1491 East Ridgeline Drive
Ogden, UT 84405

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: UT-01

Similar Companies near Ogden

In the Ogden area, 22 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 500) and received an average PPP loan of $556,733 (compared to this company's $9.67M).

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, 98% lower than Ogden Clinic Professional Corporation's reported 500 employees, and received an average PPP loan of $138,136, 99% lower than this company's loan of $9.67M.

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.

Search FederalPay's Full PPP Loan Database

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/ogden-clinic-professional-corporation-ogden-ut