PPP Loan Data — Radiology Associates Of Macon, PC, Macon, GA
Radiology Associates Of Macon, PC
Location: Macon, GATweet This • Search All PPP Data
Radiology Associates Of Macon, PC is a corporation located at 770 Pine St Ste 290 in Macon, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,401,043.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Radiology Associates Of Macon, PC in Macon, GA received a Paycheck Protection Loan of $2.4M through Truist Bank d/b/a Branch Banking & Trust Co, 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 Macon, PC's 2019 payroll expenses are estimated to be at least $11.53M.
Based on their reported 122 jobs retained, this equals an estimated average yearly compensation of $94,467 per employee1
Reported PPP Proceed Usage:
On the PPP application, Radiology Associates Of Macon, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,401,043
Business Information - Radiology Associates Of Macon, PC in Macon, GA
770 Pine St Ste 290
Macon, GA 31201
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Macon
In the Macon area, 74 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 122) and received an average PPP loan of $244,678 (compared to this company's $2.4M).
Similar Nearby Businesses Who Received PPP Funding:
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Southern Lung Specialists
Kidney Center Of Central Georgia LLC
Central Georgia Infectious Diseases Associates LLC
Sweet Dreams Nurse Anesthesiology, LLC
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B 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 11 employees, 91% lower than Radiology Associates Of Macon, PC's reported 122 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.4M.
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Footnotes & Information
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