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PPP Loan Data — Optim Orthopedics LLC,
Savannah, GA
Optim Orthopedics LLC
Entity: Limited Liability Company (LLC)
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Savannah, GA
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Optim Orthopedics LLC is a limited liability company (LLC) located at 450 Mall Blvd in Savannah, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,575,365.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
191Loan Approved:
2020-04-11Lender:
SYNOVUS BANKOptim Orthopedics LLC in Savannah, GA received a Paycheck Protection Loan of $2.58M through SYNOVUS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Optim Orthopedics LLC's total 2019 payroll expenses were approximately $12.36M in order to qualify for the PPP loan amount received.
Based on their reported 191 jobs retained, this equals an estimated average yearly compensation of $64,721 per employee1.
Business Information - Optim Orthopedics LLC in Savannah, GA
450 Mall Blvd
Savannah, GA 31406
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: GA-01Similar Companies near Savannah
In the Savannah area, 97 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 191) and received an average PPP loan of $226,778 (compared to this company's $2.58M).
Similar Nearby Businesses Who Received PPP Funding:
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Richard James MD LLC
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The Georgia Center For Reproductive Medicine, PC
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The Georgia Institute For Plastic Surgery PC
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Coastal Pediatrics LLC
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Pritzker Dermatology PC
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M M Finn, DO, PC
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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, 95% lower than Optim Orthopedics LLC's reported 191 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.58M.
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.
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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