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PPP Loan Data — Toledo Clinic, Inc.,
Toledo, OH
Toledo Clinic, Inc.
Entity: Not Reported
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Toledo, OH
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Toledo Clinic, Inc. is a located at 4235 Secor Road in Toledo, Ohio that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-05-01Lender:
FIFTH THIRD BANKToledo Clinic, Inc. received a Paycheck Protection Loan of $10M through FIFTH THIRD BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Toledo Clinic, Inc.'s total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Toledo Clinic, Inc. in Toledo, OH
4235 Secor Road
Toledo, OH 43623
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: OH-05Similar Companies near Toledo
In the Toledo area, 22 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 500) and received an average PPP loan of $755,163 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
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The Pediatric Center, Inc.
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Toledo Pediatric Speech Therapy, LLC
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Surgery Center At Regency Park, LLC
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PT Link, LLC
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Luketic Eye Center, LLC
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Emergency Physicians Of Northwest Ohio, Inc.
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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, 98% lower than Toledo Clinic, Inc.'s reported 500 employees, and received an average PPP loan of $138,136, 99% lower than this company's loan of $10M.
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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