PPP Loan Data — Bbmd, PLLC, Texarkana, AR
Entity: Limited Liability Company (LLC)
Location: Texarkana, ARTweet This • Search All PPP Data
Bbmd, PLLC is a limited liability company (LLC) located at 6717 Sugar Hill Farm Rd in Texarkana, Arkansas that received a Coronavirus-related PPP loan from the SBA of $25,140.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Farmers Bank & Trust Company
Bbmd, PLLC in Texarkana, AR received a Paycheck Protection Loan of $25,140 through Farmers Bank & Trust Company, 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 December, 2020.
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, Bbmd, PLLC's 2019 payroll expenses are estimated to be at least $120,672.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,336 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bbmd, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,140
Business Information - Bbmd, PLLC in Texarkana, AR
6717 Sugar Hill Farm Rd
Texarkana, AR 71854
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Texarkana
In the Texarkana area, 10 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $43,088 (compared to this company's $25,140).
Similar Nearby Businesses Who Received PPP Funding:
Paul Baker Family Chiropractic Clinic, Inc
Doctor's Surgery Center Of Texarkana
Arkla Tex Health Center PA
Mark A Wren MD. PA
Pearson Eye Institute
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, 450% higher than Bbmd, PLLC's reported 2 employees, and received an average PPP loan of $119,087, 374% higher than this company's loan of $25,140.
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