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PPP Loan Data — Second Intermed Corporation, Ridgeland, MS

SBA PPP loan data, payroll data, and salaries for Second Intermed Corporation
MS

Second Intermed Corporation

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Ridgeland, MS

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Second Intermed Corporation is a corporation located at 308 Corporate Dr in Ridgeland, Mississippi that received a Coronavirus-related PPP loan from the SBA of $3,639,995.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.64M

Jobs Retained:

465

Loan Approved:

2020-04-28

Lender:

BANCORPSOUTH BANK

Second Intermed Corporation in Ridgeland, MS received a Paycheck Protection Loan of $3.64M through BANCORPSOUTH BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Second Intermed Corporation's total 2019 payroll expenses were approximately $17.47M in order to qualify for the PPP loan amount received.

Based on their reported 465 jobs retained, this equals an estimated average yearly compensation of $37,574 per employee1.

Because the loan received by Second Intermed Corporation 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 - Second Intermed Corporation in Ridgeland, MS

Second Intermed Corporation
308 Corporate Dr
Ridgeland, MS 39157

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: MS-02

Similar Companies near Ridgeland

In the Ridgeland area, 27 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 465) and received an average PPP loan of $244,196 (compared to this company's $3.64M).

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, 98% lower than Second Intermed Corporation's reported 465 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.64M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/second-intermed-corporation-ridgeland-ms