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

PPP Loan Data — Allergic Disease Associates PC, Mount Laurel, NJ

ALERT: There are 2 PPP loans for a total of $875,150 in our database for businesses with the name "Allergic Disease Associates PC" in Mount Laurel, NJ. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Allergic Disease Associates PC
NJ

Allergic Disease Associates PC

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Mount Laurel, NJ

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Allergic Disease Associates PC is a corporation located at 2059 Briggs Rd Ste 306 in Mount Laurel, New Jersey that received a Coronavirus-related PPP loan from the SBA of $407,500.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least 34 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1550468303

Loan Size:

$407,500

Jobs Retained:

34

Loan Approved:

2021-01-17

Loan Status:

Ongoing Loan

Lender:

Credit Union of New Jersey

Allergic Disease Associates PC in Mount Laurel, NJ received a Paycheck Protection Loan of $407,500 through Credit Union of New Jersey, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Allergic Disease Associates PC's 2019 payroll expenses are estimated to be at least $1.96M.

Based on their reported 34 jobs retained, this equals an estimated average yearly compensation of $57,529 per employee1

Reported PPP Proceed Usage:

On the PPP application, Allergic Disease Associates PC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $407,496
  • Utilities: $1

Business Information - Allergic Disease Associates PC in Mount Laurel, NJ

Allergic Disease Associates PC
2059 Briggs Rd Ste 306
Mount Laurel, NJ 8054

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Burlington County, NJ — SBA Office 0299 — Congressional District: NJ-03

Similar Companies near Mount Laurel

In the Mount Laurel area, 117 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 34) and received an average PPP loan of $242,060 (compared to this company's $407,500).

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, 68% lower than Allergic Disease Associates PC's reported 34 employees, and received an average PPP loan of $119,087, 71% lower than this company's loan of $407,500.

SBA PPP loan data, payroll data, and salaries for Allergic Disease Associates, PC
NJ

Allergic Disease Associates, PC

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Mount Laurel, NJ

Search All PPP Data

Allergic Disease Associates, PC is a corporation located at 2059 Briggs Rd, Suite 306 in Mount Laurel, New Jersey that received a Coronavirus-related PPP loan from the SBA of $467,650.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 32 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4266547303

Loan Size:

$467,650

Jobs Retained:

32

Loan Approved:

2020-04-29

Loan Status:

Ongoing Loan

Lender:

Credit Union of New Jersey

Allergic Disease Associates, PC in Mount Laurel, NJ received a Paycheck Protection Loan of $467,650 through Credit Union of New Jersey, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Allergic Disease Associates, PC's 2019 payroll expenses are estimated to be at least $2.24M.

Based on their reported 32 jobs retained, this equals an estimated average yearly compensation of $70,148 per employee1

Reported PPP Proceed Usage:

On the PPP application, Allergic Disease Associates, PC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $467,650

Business Information - Allergic Disease Associates, PC in Mount Laurel, NJ

Allergic Disease Associates, PC
2059 Briggs Rd, Suite 306
Mount Laurel, NJ 8054

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Burlington County, NJ — SBA Office 0299 — Congressional District: NJ-03

Similar Companies near Mount Laurel

In the Mount Laurel area, 117 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 32) and received an average PPP loan of $242,060 (compared to this company's $467,650).

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, 66% lower than Allergic Disease Associates, PC's reported 32 employees, and received an average PPP loan of $119,087, 75% lower than this company's loan of $467,650.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/allergic-disease-associates-pc-mount-laurel-nj