PPP Loan Data — Physician Partners Of America LLC, Tampa, FL
Physician Partners Of America LLC is a limited liability company (LLC) located at 504 N. Reo Strret in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $5,978,709.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Physician Partners Of America LLC in Tampa, FL received a Paycheck Protection Loan of $5.98M through Centennial Bank, which was approved in April, 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, Physician Partners Of America LLC's 2019 payroll expenses are estimated to be at least $28.7M.
Based on their reported 403 jobs retained, this equals an estimated average yearly compensation of $71,210 per employee1
Reported PPP Proceed Usage:
On the PPP application, Physician Partners Of America LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,978,709
Business Information - Physician Partners Of America LLC in Tampa, FL
504 N. Reo Strret
Tampa, FL 33609
Offices of Other Holding Companies
NAICS code 551112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 6 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 403) and received an average PPP loan of $1,043,739 (compared to this company's $5.98M).
Similar Nearby Businesses Who Received PPP Funding:
Tbcsc 4 LLC
Lindell Investments, Inc
Arms Holding Inc
HQ Holdings LLC
Industry PPP Comparison Statistics
Nationwide, 12,536 businesses in the "Offices of Other Holding Companies" industry received a total of $1.56B 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 13 employees, 97% lower than Physician Partners Of America LLC's reported 403 employees, and received an average PPP loan of $124,396, 98% lower than this company's loan of $5.98M.
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Footnotes & Information
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