PPP Loan Data — Avon Pediatrics PC, Avon, IN
Avon Pediatrics PC
Location: Avon, INTweet This • Search All PPP Data
Avon Pediatrics PC is a corporation located at 7376 Business Center Dr. Suite A in Avon, Indiana that received a Coronavirus-related PPP loan from the SBA of $47,137.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Merchants Bank
Avon Pediatrics PC in Avon, IN received a Paycheck Protection Loan of $47,137 through First Merchants Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Avon Pediatrics PC's 2019 payroll expenses are estimated to be at least $226,258.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,710 per employee1
Reported PPP Proceed Usage:
On the PPP application, Avon Pediatrics PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,137
Business Information - Avon Pediatrics PC in Avon, IN
7376 Business Center Dr. Suite A
Avon, IN 46123
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Avon
In the Avon area, 15 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 6) and received an average PPP loan of $113,043 (compared to this company's $47,137).
Similar Nearby Businesses Who Received PPP Funding:
ARM Specialists LLC
Pediatric Associates Of Avon, PC
Daniel R Whipple MD PC
Midwest Center For Healthy Living LLC
Never Walk Alone Mentoring Service LLC
Emergency Medicine Specialists, PC
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, 83% higher than Avon Pediatrics PC's reported 6 employees, and received an average PPP loan of $119,087, 153% higher than this company's loan of $47,137.
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Footnotes & Information
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