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PPP Loan Data — Progressive Ob/Gyn Medical Group, San Bernardino, CA

SBA PPP loan data, payroll data, and salaries for Progressive Ob/Gyn Medical Group
CA

Progressive Ob/Gyn Medical Group

Entity: Sole Proprietorship

Industry: Offices of Physicians (except Mental Health Specialists)

Location: San Bernardino, CA

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Progressive Ob/Gyn Medical Group is a sole proprietorship located at 576 S Mount Vernon Ave in San Bernardino, California that received a Coronavirus-related PPP loan from the SBA of $14,133.00 in June, 2020.

The company has reported itself as a Black or african american male owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$14,133

Jobs Retained:

4

Loan Approved:

2020-06-11

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Progressive Ob/Gyn Medical Group received a Paycheck Protection Loan of $14,133 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in June, 2020.

Based on standard PPP eligibility rules, Progressive Ob/Gyn Medical Group's total 2019 payroll expenses were approximately $67,838 in order to qualify for the PPP loan amount received.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $16,960 per employee1.

Business Information - Progressive Ob/Gyn Medical Group in San Bernardino, CA

Progressive Ob/Gyn Medical Group
576 S Mount Vernon Ave
San Bernardino, CA 92410

Business Industry

Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)

Business Owner Demographics

Race / Ethnicity: BLACK OR AFRICAN AMERICAN

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: CA-31

Similar Companies near San Bernardino

In the San Bernardino area, 9 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 4) and received an average PPP loan of $572,513 (compared to this company's $14,133).

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, 150% higher than Progressive Ob/Gyn Medical Group's reported 4 employees, and received an average PPP loan of $138,136, 877% higher than this company's loan of $14,133.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/progressive-ob-gyn-medical-group-san-bernardino-ca