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PPP Loan Data — West Virginia University Medical Corporation Charleston Divi,
Charleston, WV
West Virginia University Medical Corporation Charleston Divi
Entity: Non-profit Organization
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Charleston, WV
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West Virginia University Medical Corporation Charleston Divi is a non-profit organization located at 3110 Maccorkle Ave, Se in Charleston, West Virginia that received a Coronavirus-related PPP loan from the SBA of $3,686,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
267Loan Approved:
2020-04-07Lender:
UNITED BANKWest Virginia University Medical Corporation Charleston Divi received a Paycheck Protection Loan of $3.69M through UNITED BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, West Virginia University Medical Corporation Charleston Divi's total 2019 payroll expenses were approximately $17.7M in order to qualify for the PPP loan amount received.
Based on their reported 267 jobs retained, this equals an estimated average yearly compensation of $66,274 per employee1.
Business Information - West Virginia University Medical Corporation Charleston Divi in Charleston, WV
3110 Maccorkle Ave, Se
Charleston, WV 25304
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: WV-02Similar Companies near Charleston
In the Charleston area, 46 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 267) and received an average PPP loan of $222,766 (compared to this company's $3.69M).
Similar Nearby Businesses Who Received PPP Funding:
Mountaineer Family Medicine Inc
Charleston, WV
Mountaineer Cardiology LLC
Charleston, WV
Family Health Associates Of The Kanawha
South Charleston, WV
Pozega Wellness Center Inc.
Charleston, WV
J K Lilly MD
Charleston, WV
Paul Bachwitt MD
Charleston, WV
Kanawha Nephrology, Inc.
Charleston, WV
Patel, Inc.
South Charleston, WV
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, 96% lower than West Virginia University Medical Corporation Charleston Divi's reported 267 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.69M.
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.
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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