PPP Loan Data — Radiology Associates Of Hartford PC, Hartford, CT
Radiology Associates Of Hartford PC is a corporation located at 1000 Asylum Avenue Suite 3201e in Hartford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $1,518,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Radiology Associates Of Hartford PC in Hartford, CT received a Paycheck Protection Loan of $1.52M through Berkshire 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, Radiology Associates Of Hartford PC's 2019 payroll expenses are estimated to be at least $7.29M.
Based on their reported 103 jobs retained, this equals an estimated average yearly compensation of $70,779 per employee1
Reported PPP Proceed Usage:
On the PPP application, Radiology Associates Of Hartford PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,518,800
Business Information - Radiology Associates Of Hartford PC in Hartford, CT
1000 Asylum Avenue Suite 3201e
Hartford, CT 6105
Diagnostic Imaging Centers
NAICS code 621512
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,228 businesses in the "Diagnostic Imaging Centers" industry received a total of $543.6M 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 14 employees, 86% lower than Radiology Associates Of Hartford PC's reported 103 employees, and received an average PPP loan of $168,402, 89% lower than this company's loan of $1.52M.
FederalPay's PPP Information Policy
Footnotes & Information
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