PPP Loan Data — Southwest Kidney Institute Plc, Tempe, AZ
Southwest Kidney Institute Plc
Location: Tempe, AZTweet This • Search All PPP Data
Southwest Kidney Institute Plc is a corporation located at 2149 E Warner Rd Ste 101 in Tempe, Arizona that received a Coronavirus-related PPP loan from the SBA of $3,271,717.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Southwest Kidney Institute Plc in Tempe, AZ received a Paycheck Protection Loan of $3.27M through Bank of America, National Association, which was approved in May, 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, Southwest Kidney Institute Plc's 2019 payroll expenses are estimated to be at least $15.7M.
Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $73,043 per employee1
Reported PPP Proceed Usage:
On the PPP application, Southwest Kidney Institute Plc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,271,717
Business Information - Southwest Kidney Institute Plc in Tempe, AZ
2149 E Warner Rd Ste 101
Tempe, AZ 85284
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 Tempe
In the Tempe area, 49 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 215) and received an average PPP loan of $146,037 (compared to this company's $3.27M).
Similar Nearby Businesses Who Received PPP Funding:
D Brown LTD Inc
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Chair A Medic
Allergy Associates & Asthma, LTD
Pioneer Cardiovascular Consultants PC
KIY Enterprises LLC
Alia Family Practice
IV Excellence LLC
All Star Health
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, 95% lower than Southwest Kidney Institute Plc's reported 215 employees, and received an average PPP loan of $119,087, 96% lower than this company's loan of $3.27M.
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