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PPP Loan Data — South Texas Oncology & Hematology PLLC,
San Antonio, TX
South Texas Oncology & Hematology PLLC
Entity: Partnership
Industry: Offices of Physicians (except Mental Health Specialists)
Location: San Antonio, TX
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South Texas Oncology & Hematology PLLC is a partnership located at 4383 Medical Dr in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $5,145,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
426Loan Approved:
2020-04-13Lender:
FROST BANKSouth Texas Oncology & Hematology PLLC in San Antonio, TX received a Paycheck Protection Loan of $5.15M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, South Texas Oncology & Hematology PLLC's total 2019 payroll expenses were approximately $24.7M in order to qualify for the PPP loan amount received.
Based on their reported 426 jobs retained, this equals an estimated average yearly compensation of $57,972 per employee1.
Business Information - South Texas Oncology & Hematology PLLC in San Antonio, TX
4383 Medical Dr
San Antonio, TX 78229
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: TX-21Similar Companies near San Antonio
In the San Antonio area, 129 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 426) and received an average PPP loan of $255,696 (compared to this company's $5.15M).
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Sam S Miller, MD, Face, PA
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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 South Texas Oncology & Hematology PLLC's reported 426 employees, and received an average PPP loan of $138,136, 97% lower than this company's loan of $5.15M.
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.
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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