PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — The Neuromedical Center (A Professional Medical Corporation), Baton Rouge, LA

SBA PPP loan data, payroll data, and salaries for The Neuromedical Center (A Professional Medical Corporation)
LA

The Neuromedical Center (A Professional Medical Corporation)

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Baton Rouge, LA

Search All PPP Data

The Neuromedical Center (A Professional Medical Corporation) is a corporation located at 10101 Park Rowe Ave in Baton Rouge, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,491,370.00 in April, 2020.

$ PPP Loan Information
Loan #6913887100

Loan Size:

$2.49M

Jobs Retained:

220

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Cadence Bank

The Neuromedical Center (A Professional Medical Corporation) in Baton Rouge, LA received a Paycheck Protection Loan of $2.49M through Cadence Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, The Neuromedical Center (A Professional Medical Corporation)'s 2019 payroll expenses are estimated to be at least $11.96M.

Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $54,357 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Neuromedical Center (A Professional Medical Corporation) reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,491,370
Because the loan received by The Neuromedical Center (A Professional Medical Corporation) is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - The Neuromedical Center (A Professional Medical Corporation) in Baton Rouge, LA

The Neuromedical Center (A Professional Medical Corporation)
10101 Park Rowe Ave
Baton Rouge, LA 70810

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

East Baton Rouge County, LA — SBA Office 0679 — Congressional District: LA-06

Similar Companies near Baton Rouge

In the Baton Rouge area, 75 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 220) and received an average PPP loan of $171,710 (compared to this company's $2.49M).

Industry PPP Comparison Statistics

Nationwide, 176,427 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B 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 The Neuromedical Center (A Professional Medical Corporation)'s reported 220 employees, and received an average PPP loan of $119,313, 95% lower than this company's loan of $2.49M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/the-neuromedical-center-a-professional-medical-corporation-baton-rouge-la