PPP Loan Data — ORA Orthopedics, PC, Bettendorf, IA
ORA Orthopedics, PC
Entity: Subchapter S Corporation
Location: Bettendorf, IATweet This • Search All PPP Data
ORA Orthopedics, PC is a subchapter s corporation located at 2300 53rd St in Bettendorf, Iowa that received a Coronavirus-related PPP loan from the SBA of $5,000,500.00 in April, 2020.
$ PPP Loan Information
Lender:QUAD CITY BANK AND TRUST COMPANY
ORA Orthopedics, PC in Bettendorf, IA received a Paycheck Protection Loan of $5M through QUAD CITY BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, ORA Orthopedics, PC's total 2019 payroll expenses were approximately $24M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $96,010 per employee1.
Business Information - ORA Orthopedics, PC in Bettendorf, IA
2300 53rd St
Bettendorf, IA 52722
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-02
Similar Companies near Bettendorf
In the Bettendorf area, 18 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 250) and received an average PPP loan of $357,408 (compared to this company's $5M).
Similar Nearby Businesses Who Received PPP Funding:
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Victor J Barney MD PC
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Eastern Iowa Dermatology Plc
Anesthesia & Analgesia, PC
Rheumatology Associates PC
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, 96% lower than ORA Orthopedics, PC's reported 250 employees, and received an average PPP loan of $138,136, 97% lower than this company's loan of $5M.
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