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PPP Loan Data — Anthony P Joseph MD PA, Orange City, FL

SBA PPP loan data, payroll data, and salaries for Anthony P Joseph MD PA
FL

Anthony P Joseph MD PA

Entity: Subchapter S Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Orange City, FL

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Anthony P Joseph MD PA is a subchapter s corporation located at 793 Health Care Dr in Orange City, Florida that received a Coronavirus-related PPP loan from the SBA of $56,982.00 in May, 2020.

$ PPP Loan Information
Loan #9863057408

Loan Size:

$56,982

Jobs Retained:

4

Loan Approved:

2020-05-21

Loan Status:

Active Un-Disbursed

Lender:

Truist Bank d/b/a Branch Banking & Trust Co
PPP Funds Undisbursed

Anthony P Joseph MD PA in Orange City, FL received a Paycheck Protection Loan of $56,982 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in May, 2020.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $56,982 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in May, 2020.

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, Anthony P Joseph MD PA's 2019 payroll expenses are estimated to be at least $273,514.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $68,379 per employee1

Reported PPP Proceed Usage:

On the PPP application, Anthony P Joseph MD PA reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $56,982

Business Information - Anthony P Joseph MD PA in Orange City, FL

Anthony P Joseph MD PA
793 Health Care Dr
Orange City, FL 32763

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

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Volusia County, FL — SBA Office 0491 — Congressional District: FL-06

Similar Companies near Orange City

In the Orange City area, 39 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 4) and received an average PPP loan of $191,052 (compared to this company's $56,982).

Industry PPP Comparison Statistics

Nationwide, 166,222 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20.52B 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, 175% higher than Anthony P Joseph MD PA's reported 4 employees, and received an average PPP loan of $123,474, 117% higher than this company's loan of $56,982.

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.

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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/anthony-p-joseph-md-pa-orange-city-fl