PPP Loan Data — Sportsmed Orthopaedic Specialists, PC, Huntsville, AL
Sportsmed Orthopaedic Specialists, PC
Entity: Subchapter S Corporation
Location: Huntsville, ALTweet This • Search All PPP Data
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
Sportsmed 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
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-05
Similar 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:
Huntsville Internal Medicine Associates
James G Chambers III, MD, PC
Makemson Famiy Medicine Services Inc
Smitha Rao Persaud MD LLC
Nafisa U. Neighbors
Apex Cardiology, PC
Robert J Knowling, MD PC
QI Wan MD PC
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.
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