PPP Loan Data — Ohio Anesthesia Group, Inc., Canton, OH
Ohio Anesthesia Group, Inc.
Location: Canton, OHTweet This • Search All PPP Data
Ohio Anesthesia Group, Inc. is a corporation located at 4665 Douglas Cir in Canton, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,557,200.00 in April, 2020.
$ PPP Loan Information
Ohio Anesthesia Group, Inc. received a Paycheck Protection Loan of $2.56M through CIVISTA BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 105 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 123.
Based on standard PPP eligibility rules, Ohio Anesthesia Group, Inc.'s total 2019 payroll expenses were approximately $12.27M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 105 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Ohio Anesthesia Group, Inc. in Canton, OH
4665 Douglas Cir
Canton, OH 44718
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-16
Similar Companies near Canton
In the Canton area, 41 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 105) and received an average PPP loan of $255,199 (compared to this company's $2.56M).
Similar Nearby Businesses Who Received PPP Funding:
Frederick C Hayek, MD, Inc
Diana Brewster, DO, LLC
Legacy Caregivers LLC
Adela Medical Spa LLC
Partners In Family Practice LTD
Stark County Physicians, LLC
Children's Physicians, Inc.
Khurrama Butt MD LLC
Phoenix Dermotology LLC
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, 90% lower than Ohio Anesthesia Group, Inc.'s reported 105 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.56M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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