PPP Loan Data — Orthocincy Orthopaedics & Sports Medicine, Edgewood, KY
Orthocincy Orthopaedics & Sports Medicine
Location: Edgewood, KYTweet This • Search All PPP Data
Orthocincy Orthopaedics & Sports Medicine is a corporation located at 560 S Loop Rd in Edgewood, Kentucky that received a Coronavirus-related PPP loan from the SBA of $3,957,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Financial Bank
Orthocincy Orthopaedics & Sports Medicine in Edgewood, KY received a Paycheck Protection Loan of $3.96M through First Financial Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
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, Orthocincy Orthopaedics & Sports Medicine's 2019 payroll expenses are estimated to be at least $18.99M.
Based on their reported 445 jobs retained, this equals an estimated average yearly compensation of $42,684 per employee1
Reported PPP Proceed Usage:
On the PPP application, Orthocincy Orthopaedics & Sports Medicine reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,957,200
Business Information - Orthocincy Orthopaedics & Sports Medicine in Edgewood, KY
560 S Loop Rd
Edgewood, KY 41017
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 Edgewood
In the Edgewood area, 26 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 445) and received an average PPP loan of $494,212 (compared to this company's $3.96M).
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Industry PPP Comparison Statistics
Nationwide, 176,427 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B 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, 98% lower than Orthocincy Orthopaedics & Sports Medicine's reported 445 employees, and received an average PPP loan of $119,313, 97% lower than this company's loan of $3.96M.
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Footnotes & Information
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