PPP Loan Data — Orthotennessee PC, Knoxville, TN
Location: Knoxville, TNTweet This • Search All PPP Data
Orthotennessee PC is a corporation located at 256 Fort Sanders West Blvd in Knoxville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $7,531,800.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First-Citizens Bank & Trust Company
Orthotennessee PC in Knoxville, TN received a Paycheck Protection Loan of $7.53M through First-Citizens Bank & Trust Company, which was approved in May, 2020.
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, Orthotennessee PC's 2019 payroll expenses are estimated to be at least $36.15M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $72,305 per employee1
Reported PPP Proceed Usage:
On the PPP application, Orthotennessee PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $7,531,800
Business Information - Orthotennessee PC in Knoxville, TN
256 Fort Sanders West Blvd
Knoxville, TN 37922
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Knoxville
In the Knoxville area, 83 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 500) and received an average PPP loan of $259,575 (compared to this company's $7.53M).
Similar Nearby Businesses Who Received PPP Funding:
Sandberg Foot Health Center, PC
Camilla C Bennett, MD. PC
Better Health And Wellness
Bonnie Barclay, Lcsw
Bearden Healthcare Associates Inc
Gregory Brewer MD PLLC
Lowell L. Mccauley, MD, PC
Industry PPP Comparison Statistics
Nationwide, 166,222 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20.52B 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 Orthotennessee PC's reported 500 employees, and received an average PPP loan of $123,474, 98% lower than this company's loan of $7.53M.
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Footnotes & Information
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