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PPP Loan Data — Virginia Cancer Institute Inc, Richmond, VA

SBA PPP loan data, payroll data, and salaries for Virginia Cancer Institute Inc

Virginia Cancer Institute Inc

Entity: Corporation

Industry: Voluntary Health Organizations

Location: Richmond, VA

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Virginia Cancer Institute Inc is a corporation located at 7202 Glen Forest Drive Suite 200 in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $4,451,978.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Virginia Cancer Institute Inc received a Paycheck Protection Loan of $4.45M through FULTON BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Virginia Cancer Institute Inc's total 2019 payroll expenses were approximately $21.37M in order to qualify for the PPP loan amount received.

Based on their reported 302 jobs retained, this equals an estimated average yearly compensation of $70,760 per employee1.

Because the loan received by Virginia Cancer Institute 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 - Virginia Cancer Institute Inc in Richmond, VA

Virginia Cancer Institute Inc
7202 Glen Forest Drive Suite 200
Richmond, VA 23226

Business Industry

Voluntary Health Organizations (NAICS code 813212)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: VA-04

Similar Companies near Richmond

In the Richmond area, 3 businesses in the "Voluntary Health Organizations" industry received a PPP loan. These local businesses reported an average of 101 employees (compared to this company's 302) and received an average PPP loan of $1,638,726 (compared to this company's $4.45M).

Industry PPP Comparison Statistics

Nationwide, 1,170 businesses in the "Voluntary Health Organizations" industry received a total of $300,865,194.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 93% lower than Virginia Cancer Institute Inc's reported 302 employees, and received an average PPP loan of $257,150, 94% lower than this company's loan of $4.45M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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** This Document Provided By - The Civil Employee's Resource **