PPP Loan Data — Skin Cancer Specialists, PC, Marietta, GA
Skin Cancer Specialists, PC
Location: Marietta, GATweet This • Search All PPP Data
Skin Cancer Specialists, PC is a corporation located at 835 Cogburn Avenue Nw in Marietta, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,668,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First-Citizens Bank & Trust Company
Skin Cancer Specialists, PC in Marietta, GA received a Paycheck Protection Loan of $1.67M through First-Citizens Bank & Trust Company, 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, Skin Cancer Specialists, PC's 2019 payroll expenses are estimated to be at least $8.01M.
Based on their reported 144 jobs retained, this equals an estimated average yearly compensation of $55,623 per employee1
Reported PPP Proceed Usage:
On the PPP application, Skin Cancer Specialists, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,668,700
Business Information - Skin Cancer Specialists, PC in Marietta, GA
835 Cogburn Avenue Nw
Marietta, GA 30060
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Marietta
In the Marietta area, 49 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 144) and received an average PPP loan of $587,599 (compared to this company's $1.67M).
Similar Nearby Businesses Who Received PPP Funding:
Pinnacle Orthopaedics & Sports Medicine LLC
Georgia Anesthesia Consultants LLC
Marietta Rheumatology Assoc
Northside Urgent Care LLC
Legacy Brain & Spine, LLC
Psych Atlanta, PC
Pinnacle Orthopaedics & Sports Medicine Specialists LLC
Childrens Cardiovascular Medicine P C
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, 92% lower than Skin Cancer Specialists, PC's reported 144 employees, and received an average PPP loan of $119,087, 93% lower than this company's loan of $1.67M.
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Footnotes & Information
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