PPP Loan Data — Orthopaedic Center Of South Florida, Plantation, FL
Orthopaedic Center Of South Florida
Location: Plantation, FLTweet This • Search All PPP Data
Orthopaedic Center Of South Florida is a corporation located at 600 S Pine Island Rd in Plantation, Florida that received a Coronavirus-related PPP loan from the SBA of $1,571,257.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Orthopaedic Center Of South Florida in Plantation, FL received a Paycheck Protection Loan of $1.57M through Truist Bank d/b/a Branch Banking & Trust Co, 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 April, 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, Orthopaedic Center Of South Florida's 2019 payroll expenses are estimated to be at least $7.54M.
Based on their reported 123 jobs retained, this equals an estimated average yearly compensation of $61,317 per employee1
Reported PPP Proceed Usage:
On the PPP application, Orthopaedic Center Of South Florida reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,571,257
Business Information - Orthopaedic Center Of South Florida in Plantation, FL
600 S Pine Island Rd
Plantation, FL 33324
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 Plantation
In the Plantation area, 148 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 123) and received an average PPP loan of $97,293 (compared to this company's $1.57M).
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Modesto Sanchez-Torres, MD., PA
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Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B 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, 91% lower than Orthopaedic Center Of South Florida's reported 123 employees, and received an average PPP loan of $119,087, 92% lower than this company's loan of $1.57M.
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