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PPP Loan Data — Premier Medical Group PC, Clarksville, TN

SBA PPP loan data, payroll data, and salaries for Premier Medical Group PC
TN

Premier Medical Group PC

Entity: Corporation

Industry: General Medical and Surgical Hospitals

Location: Clarksville, TN

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Premier Medical Group PC is a corporation located at 490 Dunlop Ln in Clarksville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,035,200.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 322 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.04M

Jobs Retained:

322

Loan Approved:

2020-04-08

Lender:

LEGENDS BANK

Premier Medical Group PC received a Paycheck Protection Loan of $3.04M through LEGENDS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Premier Medical Group PC's total 2019 payroll expenses were approximately $14.57M in order to qualify for the PPP loan amount received.

Based on their reported 322 jobs retained, this equals an estimated average yearly compensation of $45,245 per employee1.

Because the loan received by Premier Medical Group PC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Premier Medical Group PC in Clarksville, TN

Premier Medical Group PC
490 Dunlop Ln
Clarksville, TN 37040

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: TN-07

Industry PPP Comparison Statistics

Nationwide, 6,339 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3,112,462,478.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 40 employees, 88% lower than Premier Medical Group PC's reported 322 employees, and received an average PPP loan of $491,002, 84% lower than this company's loan of $3.04M.

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.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/premier-medical-group-pc-clarksville-tn