PPP Loan Data — University Neurosurgical Associates, Southfield, MI
University Neurosurgical Associates
Entity: Limited Liability Company (LLC)
Location: Southfield, MITweet This • Search All PPP Data
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 Status:Paid in Full or Forgiven
Lender:The Huntington National Bank
University Neurosurgical Associates in Southfield, MI received a Paycheck Protection Loan of $3.51M through The Huntington National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2021.
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, University Neurosurgical Associates' 2019 payroll expenses are estimated to be at least $16.84M.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $76,546 per employee1
Reported PPP Proceed Usage:
On the PPP application, University Neurosurgical Associates reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,508,367
Business Information - University Neurosurgical Associates in Southfield, MI
29275 Northwestern Hwy Ste 100
Southfield, MI 48034
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Southfield
In the Southfield area, 90 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 $169,397 (compared to this company's $3.51M).
Similar Nearby Businesses Who Received PPP Funding:
Michele Thomas, MD., PLLC
Spitz Pathology Group, PLLC
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Bloomfield Hills, MI
Michigan Pain Management Consultants-West PC
Medicure Internists PC
Skin Cancer Center Of Southeast Michigan, PC
Wynn Obstetrics And Gynecology, PLLC
Industry PPP Comparison Statistics
Nationwide, 176,427 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B 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, 95% lower than University Neurosurgical Associates' reported 220 employees, and received an average PPP loan of $119,313, 97% lower than this company's loan of $3.51M.
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Footnotes & Information
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