PPP Loan Data — Turner Medical Inc, Athens, AL
Turner Medical Inc is a corporation located at 130 Durham Dr in Athens, Alabama that received a Coronavirus-related PPP loan from the SBA of $3,165,500.00 in April, 2020.
$ PPP Loan Information
Turner Medical Inc received a Paycheck Protection Loan of $3.17M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Turner Medical Inc's total 2019 payroll expenses were approximately $15.19M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $75,972 per employee1.
Business Information - Turner Medical Inc in Athens, AL
130 Durham Dr
Athens, AL 35611
Surgical and Medical Instrument Manufacturing (NAICS code 339112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-05
Industry PPP Comparison Statistics
Nationwide, 2,193 businesses in the "Surgical and Medical Instrument Manufacturing" industry received a total of $649,163,907.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 18 employees, 91% lower than Turner Medical Inc's reported 200 employees, and received an average PPP loan of $296,016, 91% lower than this company's loan of $3.17M.
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Footnotes & Information
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