PPP Loan Data — Valley Obstetrics And Gynecology, P. C, Provo, UT
Valley Obstetrics And Gynecology, P. C
Entity: Subchapter S Corporation
Location: Provo, UTTweet This • Search All PPP Data
Valley Obstetrics And Gynecology, P. C is a subchapter s corporation located at 585 N 500 W in Provo, Utah that received a Coronavirus-related PPP loan from the SBA of $2,302,128.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Capital Community Bank
Valley Obstetrics And Gynecology, P. C in Provo, UT received a Paycheck Protection Loan of $2.3M through Capital Community Bank, 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, Valley Obstetrics And Gynecology, P. C's 2019 payroll expenses are estimated to be at least $11.05M.
Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $54,168 per employee1
Reported PPP Proceed Usage:
On the PPP application, Valley Obstetrics And Gynecology, P. C reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,302,128
Business Information - Valley Obstetrics And Gynecology, P. C in Provo, UT
585 N 500 W
Provo, UT 84601
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: Y
Rural / Urban: Urban
Similar Companies near Provo
In the Provo area, 3 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 204) and received an average PPP loan of $784,652 (compared to this company's $2.3M).
Similar Nearby Businesses Who Received PPP Funding:
Best Pick Medical LLC
Provo Allergy & Asthma Clinic LLC
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, 95% lower than Valley Obstetrics And Gynecology, P. C's reported 204 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.3M.
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Footnotes & Information
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