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PPP Loan Data — Southview Medical Group PC,
Birmingham, AL
Southview Medical Group PC
Entity: Corporation
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Birmingham, AL
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Southview Medical Group PC is a corporation located at 833 Saint Vincents Dr in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,996,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
219Loan Approved:
2020-04-13Lender:
REGIONS BANKSouthview Medical Group PC received a Paycheck Protection Loan of $3M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southview Medical Group PC's total 2019 payroll expenses were approximately $14.38M in order to qualify for the PPP loan amount received.
Based on their reported 219 jobs retained, this equals an estimated average yearly compensation of $65,670 per employee1.
Business Information - Southview Medical Group PC in Birmingham, AL
833 Saint Vincents Dr
Birmingham, AL 35205
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: AL-07Similar Companies near Birmingham
In the Birmingham area, 50 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 219) and received an average PPP loan of $317,953 (compared to this company's $3M).
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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, 95% lower than Southview Medical Group PC's reported 219 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $3M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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