PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — West Michigan Cancer Center, Kalamazoo, MI

SBA PPP loan data, payroll data, and salaries for West Michigan Cancer Center
MI Nonprofit Organization

West Michigan Cancer Center

Entity: Non-profit Organization

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Kalamazoo, MI

Search All PPP Data

West Michigan Cancer Center is a non-profit organization located at 200 N. Park in Kalamazoo, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,213,912.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.21M

Jobs Retained:

219

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

West Michigan Cancer Center in Kalamazoo, MI received a Paycheck Protection Loan of $3.21M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, West Michigan Cancer Center's total 2019 payroll expenses were approximately $15.43M in order to qualify for the PPP loan amount received.

Based on their reported 219 jobs retained, this equals an estimated average yearly compensation of $70,442 per employee1.

Because the loan received by West Michigan Cancer Center 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 - West Michigan Cancer Center in Kalamazoo, MI

West Michigan Cancer Center
200 N. Park
Kalamazoo, MI 49007

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: MI-06

Similar Companies near Kalamazoo

In the Kalamazoo area, 10 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 219) and received an average PPP loan of $1,280,133 (compared to this company's $3.21M).

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 West Michigan Cancer Center's reported 219 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.21M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/west-michigan-cancer-center-kalamazoo-mi