PPP Loan Data — Toledo Clinic, Inc., Toledo, OH
Toledo Clinic, Inc.
Entity: Not Reported
Location: Toledo, OHTweet This • Search All PPP Data
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
Lender:FIFTH THIRD BANK
Toledo 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
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-05
Similar 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:
Frank Barone, MD, Inc
Anders Dermatology, Inc.
The Pediatric Center, Inc.
Toledo Pediatric Speech Therapy, LLC
Surgery Center At Regency Park, LLC
PT Link, LLC
Luketic Eye Center, LLC
Emergency Physicians Of Northwest Ohio, Inc.
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.
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