PPP Loan Data — Raleigh Durham Medical Group PA, Raleigh, NC
Raleigh Durham Medical Group PA
Entity: Subchapter S Corporation
Location: Raleigh, NCTweet This • Search All PPP Data
Raleigh Durham Medical Group PA is a subchapter s corporation located at 160 Mine Lake Ct Ste 200 in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,666,100.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST-CITIZENS BANK & TRUST COMPANY
Raleigh Durham Medical Group PA in Raleigh, NC received a Paycheck Protection Loan of $2.67M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Raleigh Durham Medical Group PA's total 2019 payroll expenses were approximately $12.8M in order to qualify for the PPP loan amount received.
Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $52,021 per employee1.
Business Information - Raleigh Durham Medical Group PA in Raleigh, NC
160 Mine Lake Ct Ste 200
Raleigh, NC 27615
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-02
Similar Companies near Raleigh
In the Raleigh area, 45 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 246) and received an average PPP loan of $222,457 (compared to this company's $2.67M).
Similar Nearby Businesses Who Received PPP Funding:
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Raleigh Radiology LLC
Diana Harper MD PLLC
Trinity Wellness Center Inc
North Raleigh Amily Medicine
Robert M Autry
Michael Law, MD, PA
IM Cardiovascular Services LLC
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 Raleigh Durham Medical Group PA's reported 246 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.67M.
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