PPP Loan Data — Oncology Associates Of Oregon, PC, Eugene, OR
Oncology Associates Of Oregon, PC
Entity: Subchapter S Corporation
Location: Eugene, ORTweet This • Search All PPP Data
Oncology Associates Of Oregon, PC is a subchapter s corporation located at 520 Country Club Pkwy in Eugene, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,282,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Oregon Pacific Banking Co. d/b/a Oregon Pacific Bank
Oncology Associates Of Oregon, PC in Eugene, OR received a Paycheck Protection Loan of $2.28M through Oregon Pacific Banking Co. d/b/a Oregon Pacific 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, Oncology Associates Of Oregon, PC's 2019 payroll expenses are estimated to be at least $10.96M.
Based on their reported 151 jobs retained, this equals an estimated average yearly compensation of $72,563 per employee1
Reported PPP Proceed Usage:
On the PPP application, Oncology Associates Of Oregon, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,282,700
Business Information - Oncology Associates Of Oregon, PC in Eugene, OR
520 Country Club Pkwy
Eugene, OR 97401
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: Urban
Similar Companies near Eugene
In the Eugene area, 67 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 151) and received an average PPP loan of $260,758 (compared to this company's $2.28M).
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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, 93% lower than Oncology Associates Of Oregon, PC's reported 151 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.28M.
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