PPP Loan Data — Vascular Surgical Associates, PC, Marietta, GA
Vascular Surgical Associates, PC
Entity: Subchapter S Corporation
Location: Marietta, GATweet This • Search All PPP Data
Vascular Surgical Associates, PC is a subchapter s corporation located at 61 Whitcher St Ste 2100 in Marietta, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,758,006.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Vascular Surgical Associates, PC in Marietta, GA received a Paycheck Protection Loan of $1.76M through Synovus 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 December, 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, Vascular Surgical Associates, PC's 2019 payroll expenses are estimated to be at least $8.44M.
Based on their reported 102 jobs retained, this equals an estimated average yearly compensation of $82,730 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vascular Surgical Associates, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,758,006
Business Information - Vascular Surgical Associates, PC in Marietta, GA
61 Whitcher St Ste 2100
Marietta, GA 30060
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 Marietta
In the Marietta area, 49 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 102) and received an average PPP loan of $587,599 (compared to this company's $1.76M).
Similar Nearby Businesses Who Received PPP Funding:
Marietta Plastic Surgery PC
Georgia Anesthesiologists LLC
Clifford Family Practice LLC
Non-Surgical Orthopaedics PC
Psych Atlanta, PC
Pinnacle Orthopaedics & Sports Medicine LLC
Quantum Radiology PC
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, 89% lower than Vascular Surgical Associates, PC's reported 102 employees, and received an average PPP loan of $119,087, 93% lower than this company's loan of $1.76M.
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Footnotes & Information
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