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PPP Loan Data — Oncology Specialties PC,
Huntsville, AL
Oncology Specialties PC
Entity: Corporation
Industry: Offices of Physicians, Mental Health Specialists
Location: Huntsville, AL
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Oncology Specialties PC is a corporation located at 2601 Cci Dr in Huntsville, Alabama that received a Coronavirus-related PPP loan from the SBA of $5,149,600.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
440Loan Approved:
2020-04-08Lender:
REGIONS BANKOncology Specialties PC received a Paycheck Protection Loan of $5.15M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Oncology Specialties PC's total 2019 payroll expenses were approximately $24.72M in order to qualify for the PPP loan amount received.
Based on their reported 440 jobs retained, this equals an estimated average yearly compensation of $56,177 per employee1.
Business Information - Oncology Specialties PC in Huntsville, AL
2601 Cci Dr
Huntsville, AL 35805
Business Industry
Offices of Physicians, Mental Health Specialists (NAICS code 621112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: AL-05Similar Companies near Huntsville
In the Huntsville area, 4 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 112 employees (compared to this company's 440) and received an average PPP loan of $1,303,212 (compared to this company's $5.15M).
Similar Nearby Businesses Who Received PPP Funding:
John Ruffin
Huntsville, AL
North Alabama Psychiatric Associates, PC
Huntsville, AL
Ledbetter Psychological Services, LLC
Huntsville, AL
Industry PPP Comparison Statistics
Nationwide, 13,272 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1,260,960,972.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 98% lower than Oncology Specialties PC's reported 440 employees, and received an average PPP loan of $95,009, 98% lower than this company's loan of $5.15M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
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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