PPP Loan Data — Semmes-Murphey Clinic P C, Memphis, TN
Semmes-Murphey Clinic P C
Location: Memphis, TNTweet This • Search All PPP Data
Semmes-Murphey Clinic P C is a corporation located at 6325 Humphreys Blvd in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $4,439,600.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Horizon Bank
Semmes-Murphey Clinic P C in Memphis, TN received a Paycheck Protection Loan of $4.44M through First Horizon 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, Semmes-Murphey Clinic P C's 2019 payroll expenses are estimated to be at least $21.31M.
Based on their reported 334 jobs retained, this equals an estimated average yearly compensation of $63,803 per employee1
Reported PPP Proceed Usage:
On the PPP application, Semmes-Murphey Clinic P C reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,891,450
- Rent: $548,150
Business Information - Semmes-Murphey Clinic P C in Memphis, TN
6325 Humphreys Blvd
Memphis, TN 38120
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 Memphis
In the Memphis area, 50 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 334) and received an average PPP loan of $271,725 (compared to this company's $4.44M).
Similar Nearby Businesses Who Received PPP Funding:
Dr Lovell Bernard Smith Jr MD PC
Pain Clinics Associates
Jennifer Cochran DDS Plc
Passons Eye Center PLLC
Mid South Physicians For Choice PLLC
Kutteh Ke Fertility Associates Of Memphis, PLLC
Carl E. Flinn, MD., PC
Industry PPP Comparison Statistics
Nationwide, 166,222 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20.52B 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, 97% lower than Semmes-Murphey Clinic P C's reported 334 employees, and received an average PPP loan of $123,474, 97% lower than this company's loan of $4.44M.
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Footnotes & Information
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