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PPP Loan Data — Phycare Asc, LLC, Royersford, PA

SBA PPP loan data, payroll data, and salaries for Phycare Asc, LLC

Phycare Asc, LLC

Entity: Limited Liability Company (LLC)

Industry: Freestanding Ambulatory Surgical and Emergency Centers

Location: Royersford, PA

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Phycare Asc, LLC is a limited liability company (LLC) located at 475 Enterprise Dr Ste 100 in Royersford, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $204,800.00 in April, 2020.

$ PPP Loan Information
Loan #8866257105

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Ongoing Loan


Loan Source Incorporated

Phycare Asc, LLC in Royersford, PA received a Paycheck Protection Loan of $204,800 through Loan Source Incorporated, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

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Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Phycare Asc, LLC's 2019 payroll expenses are estimated to be at least $983,040.

Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $89,367 per employee1

Reported PPP Proceed Usage:

On the PPP application, Phycare Asc, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $204,800

Business Information - Phycare Asc, LLC in Royersford, PA

Phycare Asc, LLC
475 Enterprise Dr Ste 100
Royersford, PA 19468

Business Industry:
Freestanding Ambulatory Surgical and Emergency Centers
NAICS code 621493

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Montgomery County, PA — SBA Office 0303 — Congressional District: PA-04

Similar Companies near Royersford

In the Royersford area, 2 businesses in the "Freestanding Ambulatory Surgical and Emergency Centers" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 11) and received an average PPP loan of $870,095 (compared to this company's $204,800).

Similar Nearby Businesses Who Received PPP Funding:

Physician's Care Surgical Care Hospital LP
Royersford, PA

$1.54M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,399 businesses in the "Freestanding Ambulatory Surgical and Emergency Centers" industry received a total of $741.42M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 20 employees, 82% higher than Phycare Asc, LLC's reported 11 employees, and received an average PPP loan of $218,130, 7% higher than this company's loan of $204,800.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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