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PPP Loan Data — Sportsmed Orthopaedic Specialists, PC,
Huntsville, AL
Sportsmed Orthopaedic Specialists, PC
Entity: Subchapter S Corporation
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Huntsville, AL
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Sportsmed Orthopaedic Specialists, PC is a subchapter s corporation located at 4715 Whitesburg Dr in Huntsville, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,650,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
196Loan Approved:
2020-04-08Lender:
REGIONS BANKSportsmed Orthopaedic Specialists, PC received a Paycheck Protection Loan of $2.65M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sportsmed Orthopaedic Specialists, PC's total 2019 payroll expenses were approximately $12.72M in order to qualify for the PPP loan amount received.
Based on their reported 196 jobs retained, this equals an estimated average yearly compensation of $64,903 per employee1.
Business Information - Sportsmed Orthopaedic Specialists, PC in Huntsville, AL
4715 Whitesburg Dr
Huntsville, AL 35802
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-05Similar Companies near Huntsville
In the Huntsville area, 172 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 196) and received an average PPP loan of $206,761 (compared to this company's $2.65M).
Similar Nearby Businesses Who Received PPP Funding:
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Nafisa U. Neighbors
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Apex Cardiology, PC
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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 Sportsmed Orthopaedic Specialists, PC's reported 196 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.65M.
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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