PPP Loan Data — Southern Orthopedic Associates, SC, Herrin, IL
Southern Orthopedic Associates, SC
Entity: Subchapter S Corporation
Location: Herrin, ILTweet This • Search All PPP Data
Southern Orthopedic Associates, SC is a subchapter s corporation located at 510 Lincoln Drive in Herrin, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,320,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 457 people during the applicable loan loan period.
$ PPP Loan Information
Southern Orthopedic Associates, SC received a Paycheck Protection Loan of $5.32M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southern Orthopedic Associates, SC's total 2019 payroll expenses were approximately $25.54M in order to qualify for the PPP loan amount received.
Based on their reported 457 jobs retained, this equals an estimated average yearly compensation of $55,882 per employee1.
Business Information - Southern Orthopedic Associates, SC in Herrin, IL
510 Lincoln Drive
Herrin, IL 62948
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IL-12
Similar Companies near Herrin
In the Herrin area, 8 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 457) and received an average PPP loan of $835,838 (compared to this company's $5.32M).
Similar Nearby Businesses Who Received PPP Funding:
Southern Illinois Ob-Gyn Associates, SC
Southern Illinois Dermatology,
Javier Muniz DO LLC
Anad Salem MD
William F Hays, MD, LTD
Witold Szyfer MD
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 Southern Orthopedic Associates, SC's reported 457 employees, and received an average PPP loan of $138,136, 97% lower than this company's loan of $5.32M.
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