PPP Loan Data — Tandem Health SC, Sumter, SC
Tandem Health SC
Entity: Non-profit Organization
Location: Sumter, SCTweet This • Search All PPP Data
Tandem Health SC is a non-profit organization located at 1278 Lafayette Dr in Sumter, South Carolina that received a Coronavirus-related PPP loan from the SBA of $2,167,600.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Tandem Health SC in Sumter, SC received a Paycheck Protection Loan of $2.17M through Synovus Bank, which was approved in April, 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, Tandem Health SC's 2019 payroll expenses are estimated to be at least $10.4M.
Based on their reported 241 jobs retained, this equals an estimated average yearly compensation of $43,172 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tandem Health SC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,167,600
Business Information - Tandem Health SC in Sumter, SC
1278 Lafayette Dr
Sumter, SC 29150
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Sumter
In the Sumter area, 30 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 241) and received an average PPP loan of $202,895 (compared to this company's $2.17M).
Similar Nearby Businesses Who Received PPP Funding:
Carolina Diabetes & Kidney Center LLC
Sumter Treatment Specialists LLC
Michael W. Nimmich, DMD.,MS.,PA
Sumter Pediatrics PA
Michael W. Nimmich DMD. MS. PA
Sumter Internal Medicine Associates PA
Cedars Medical Clinic PA
Sumter ENT & Fps LLC
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 Tandem Health SC's reported 241 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.17M.
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Footnotes & Information
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