PPP Loan Data — The Orthopaedic Group, PC, Mobile, AL
The Orthopaedic Group, PC
Location: Mobile, ALTweet This • Search All PPP Data
The Orthopaedic Group, PC is a corporation located at 6144 Airport Blvd in Mobile, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,467,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Hancock Whitney Bank
The Orthopaedic Group, PC in Mobile, AL received a Paycheck Protection Loan of $2.47M through Hancock Whitney 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 May, 2021.
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, The Orthopaedic Group, PC's 2019 payroll expenses are estimated to be at least $11.84M.
Based on their reported 206 jobs retained, this equals an estimated average yearly compensation of $57,500 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Orthopaedic Group, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,850,775
- Rent: $616,925
Business Information - The Orthopaedic Group, PC in Mobile, AL
6144 Airport Blvd
Mobile, AL 36608
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: N
Rural / Urban: Urban
Similar Companies near Mobile
In the Mobile area, 117 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 206) and received an average PPP loan of $233,047 (compared to this company's $2.47M).
Similar Nearby Businesses Who Received PPP Funding:
Grantham Dental Inc
Joanna T Koulianos PHD Inc
Urology Associates Of Mobile, PA
Access MD Inc
Medical Center Podiatry PC
Kitti K Outlaw MD PC
Charles H. Wilson
Alabama Orthopaedic Clinics PC
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 The Orthopaedic Group, PC's reported 206 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.47M.
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Footnotes & Information
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