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PPP Loan Data — University Surgical Associates Inc, Rumford, RI

SBA PPP loan data, payroll data, and salaries for University Surgical Associates Inc
RI

University Surgical Associates Inc

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Rumford, RI

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University Surgical Associates Inc is a corporation located at 75 Newman Ave 2nd Floor in Rumford, Rhode Island that received a Coronavirus-related PPP loan from the SBA of $4,033,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.03M

Jobs Retained:

196

Loan Approved:

2020-04-28

Lender:

BANK RHODE ISLAND

University Surgical Associates Inc in Rumford, RI received a Paycheck Protection Loan of $4.03M through BANK RHODE ISLAND, which was approved in April, 2020.

Based on standard PPP eligibility rules, University Surgical Associates Inc's total 2019 payroll expenses were approximately $19.36M in order to qualify for the PPP loan amount received.

Based on their reported 196 jobs retained, this equals an estimated average yearly compensation of $98,777 per employee1.

Because the loan received by University Surgical Associates Inc 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 Surgical Associates Inc in Rumford, RI

University Surgical Associates Inc
75 Newman Ave 2nd Floor
Rumford, RI 02916

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: RI-01

Similar Companies near Rumford

In the Rumford area, 4 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 196) and received an average PPP loan of $1,091,779 (compared to this company's $4.03M).

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 Surgical Associates Inc's reported 196 employees, and received an average PPP loan of $138,136, 97% lower than this company's loan of $4.03M.

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, and is published unmodified, as provided by the SBA.

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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-surgical-associates-inc-rumford-ri