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PPP Loan Data — South Hill Family Medicine PC, Puyallup, WA

SBA PPP loan data, payroll data, and salaries for South Hill Family Medicine PC
WA

South Hill Family Medicine PC

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Puyallup, WA

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South Hill Family Medicine PC is a corporation located at 2904 4th Ave Ne in Puyallup, Washington that received a Coronavirus-related PPP loan from the SBA of $3,173,602.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.17M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-27

Lender:

COLUMBIA STATE BANK

South Hill Family Medicine PC in Puyallup, WA received a Paycheck Protection Loan of $3.17M through COLUMBIA STATE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, South Hill Family Medicine PC's total 2019 payroll expenses were approximately $15.23M in order to qualify for the PPP loan amount received.

Unlike most businesses, South Hill Family Medicine PC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by South Hill Family Medicine PC 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 - South Hill Family Medicine PC in Puyallup, WA

South Hill Family Medicine PC
2904 4th Ave Ne
Puyallup, WA 98372

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: WA-10

Similar Companies near Puyallup

In the Puyallup area, 21 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 0) and received an average PPP loan of $308,117 (compared to this company's $3.17M).

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, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.17M.

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/south-hill-family-medicine-pc-puyallup-wa