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PPP Loan Data — Radiology Associates LLP, Corpus Christi, TX

SBA PPP loan data, payroll data, and salaries for Radiology Associates LLP
TX

Radiology Associates LLP

Entity: Limited Liability Partnership

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Corpus Christi, TX

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Radiology Associates LLP is a limited liability partnership located at 1812 S. Alameda St in Corpus Christi, Texas that received a Coronavirus-related PPP loan from the SBA of $2,915,724.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.92M

Jobs Retained:

228

Loan Approved:

2020-04-10

Lender:

AMERICAN BANK, NATIONAL ASSOCIATION

Radiology Associates LLP in Corpus Christi, TX received a Paycheck Protection Loan of $2.92M through AMERICAN BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Radiology Associates LLP's total 2019 payroll expenses were approximately $14M in order to qualify for the PPP loan amount received.

Based on their reported 228 jobs retained, this equals an estimated average yearly compensation of $61,384 per employee1.

Because the loan received by Radiology Associates LLP 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 - Radiology Associates LLP in Corpus Christi, TX

Radiology Associates LLP
1812 S. Alameda St
Corpus Christi, TX 78404

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-27

Similar Companies near Corpus Christi

In the Corpus Christi area, 50 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 228) and received an average PPP loan of $201,041 (compared to this company's $2.92M).

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, 96% lower than Radiology Associates LLP's reported 228 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.92M.

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.

Search FederalPay's Full PPP Loan Database

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/radiology-associates-llp-corpus-christi-tx