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PPP Loan Data — University Neurosurgical Associates, Southfield, MI

SBA PPP loan data, payroll data, and salaries for University Neurosurgical Associates
MI

University Neurosurgical Associates

Entity: Limited Liability Company (LLC)

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Southfield, MI

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University Neurosurgical Associates is a limited liability company (LLC) located at 29275 Northwestern Hwy Ste 100 in Southfield, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,508,367.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 220 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.51M

Jobs Retained:

220

Loan Approved:

2020-04-15

Lender:

TCF NATIONAL BANK

University Neurosurgical Associates received a Paycheck Protection Loan of $3.51M through TCF NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, University Neurosurgical Associates' total 2019 payroll expenses were approximately $16.84M in order to qualify for the PPP loan amount received.

Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $76,546 per employee1.

Because the loan received by University Neurosurgical Associates is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - University Neurosurgical Associates in Southfield, MI

University Neurosurgical Associates
29275 Northwestern Hwy Ste 100
Southfield, MI 48034

Business Industry

Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MI-14

Similar Companies near Southfield

In the Southfield area, 61 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 220) and received an average PPP loan of $189,171 (compared to this company's $3.51M).

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, 95% lower than University Neurosurgical Associates' reported 220 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.51M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/university-neurosurgical-associates-southfield-mi