PPP Loan Data — Urology Specialists Of The Carolinas, PLLC, Charlotte, NC
Urology Specialists Of The Carolinas, PLLC
Entity: Limited Liability Company (LLC)
Location: Charlotte, NCTweet This • Search All PPP Data
Urology Specialists Of The Carolinas, PLLC is a limited liability company (LLC) located at 1518 E 3rd St Ste 250 in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,273,478.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Urology Specialists Of The Carolinas, PLLC in Charlotte, NC received a Paycheck Protection Loan of $2.27M through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 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, Urology Specialists Of The Carolinas, PLLC's 2019 payroll expenses are estimated to be at least $10.91M.
Based on their reported 152 jobs retained, this equals an estimated average yearly compensation of $71,794 per employee1
Reported PPP Proceed Usage:
On the PPP application, Urology Specialists Of The Carolinas, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,273,478
Business Information - Urology Specialists Of The Carolinas, PLLC in Charlotte, NC
1518 E 3rd St Ste 250
Charlotte, NC 28204
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 Charlotte
In the Charlotte area, 61 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 152) and received an average PPP loan of $341,245 (compared to this company's $2.27M).
Similar Nearby Businesses Who Received PPP Funding:
Azora Healthcare Services
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D Ahlers MD PLLC
Hull & Chandler, PA
Carolina Neurosurgery & Spine Association
Helmuth F. Vollger, MD., A Medical Corporation
Eastway Medical Clinic & Urgent Care, PLLC
Hedges Emergency Services PLLC
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, 93% lower than Urology Specialists Of The Carolinas, PLLC's reported 152 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.27M.
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