PPP Loan Data — Trinity Medical Care LLC, Huntsville, AL
Trinity Medical Care LLC
Entity: Limited Liability Company (LLC)
Location: Huntsville, ALTweet This • Search All PPP Data
Trinity Medical Care LLC is a limited liability company (LLC) located at 8010 South Memorial Pkwy in Huntsville, Alabama that received a Coronavirus-related PPP loan from the SBA of $17,400.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Trinity Medical Care LLC in Huntsville, AL received a Paycheck Protection Loan of $17,400 through Renasant Bank, which was approved in June, 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, Trinity Medical Care LLC's 2019 payroll expenses are estimated to be at least $83,520.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $41,760 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trinity Medical Care LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $17,400
Business Information - Trinity Medical Care LLC in Huntsville, AL
8010 South Memorial Pkwy
Huntsville, AL 35802
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 Huntsville
In the Huntsville area, 214 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 2) and received an average PPP loan of $192,136 (compared to this company's $17,400).
Similar Nearby Businesses Who Received PPP Funding:
David L Durst, MD, PC
Replenish Wellness Center, LLC
Central North Alabama Health Services Inc
Field Pediatrics PC
Tennessee Valley Pain Consultants PC
North Alabama Urology, PC
Jeffery Garrard MD, PC
Leon W Lewis MD PC
Robert J. Knowling, MD. 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, 450% higher than Trinity Medical Care LLC's reported 2 employees, and received an average PPP loan of $119,087, 584% higher than this company's loan of $17,400.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!