PPP Loan Data — Princeton Medical Group, PA, Princeton, NJ
Princeton Medical Group, PA
Location: Princeton, NJTweet This • Search All PPP Data
Princeton Medical Group, PA is a corporation located at 419 N. Harrison Street in Princeton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,865,400.00 in April, 2020.
$ PPP Loan Information
Lender:THE BANK OF PRINCETON
Princeton Medical Group, PA in Princeton, NJ received a Paycheck Protection Loan of $2.87M through THE BANK OF PRINCETON, which was approved in April, 2020.
Based on standard PPP eligibility rules, Princeton Medical Group, PA's total 2019 payroll expenses were approximately $13.75M in order to qualify for the PPP loan amount received.
Based on their reported 197 jobs retained, this equals an estimated average yearly compensation of $69,817 per employee1.
Business Information - Princeton Medical Group, PA in Princeton, NJ
419 N. Harrison Street
Princeton, NJ 8540
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-12
Similar Companies near Princeton
In the Princeton area, 49 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 197) and received an average PPP loan of $309,904 (compared to this company's $2.87M).
Similar Nearby Businesses Who Received PPP Funding:
Montgomery Internal Medicine Group
Nataliya Dashevsky Inc
Pathology Associates Of Delaware
Yunayev Medical PC
Princeton Plastic Surgery Associates
Princeton Longevity Medical Group LLC
David R Barile, MD, LLC
Debra Lambo, Lcsw
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 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 10 employees, 95% lower than Princeton Medical Group, PA's reported 197 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.87M.
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, and is published unmodified, as provided by the SBA.
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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