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PPP Loan Data — Oncology Consultants PA, Houston, TX

SBA PPP loan data, payroll data, and salaries for Oncology Consultants PA
TX

Oncology Consultants PA

Entity: Professional Association

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Houston, TX

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Oncology Consultants PA is a professional association located at 902 Frostwood in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,590,515.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.59M

Jobs Retained:

306

Loan Approved:

2020-04-27

Lender:

BBVA USA

Oncology Consultants PA in Houston, TX received a Paycheck Protection Loan of $3.59M through BBVA USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Oncology Consultants PA's total 2019 payroll expenses were approximately $17.23M in order to qualify for the PPP loan amount received.

Based on their reported 306 jobs retained, this equals an estimated average yearly compensation of $56,322 per employee1.

Because the loan received by Oncology Consultants PA 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 - Oncology Consultants PA in Houston, TX

Oncology Consultants PA
902 Frostwood
Houston, TX 77024

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-07

Similar Companies near Houston

In the Houston area, 175 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 306) and received an average PPP loan of $117,998 (compared to this company's $3.59M).

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, 97% lower than Oncology Consultants PA's reported 306 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.59M.

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/oncology-consultants-pa-houston-tx