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PPP Loan Data — C M Patel MD,
Richmond, VA
C M Patel MD
Entity: Sole Proprietorship
Industry: Offices of Physicians, Mental Health Specialists
Location: Richmond, VA
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C M Patel MD is a sole proprietorship located in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $16,100.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-05-17Lender:
AMERICAN NATIONAL BANK AND TRUST COMPANYC M Patel MD received a Paycheck Protection Loan of $16,100 through AMERICAN NATIONAL BANK AND TRUST COMPANY, which was approved in May, 2020.
Based on standard PPP eligibility rules, C M Patel MD's total 2019 payroll expenses were approximately $77,280 in order to qualify for the PPP loan amount received.
Unlike most businesses, C M Patel MD's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - C M Patel MD in Richmond, VA
[FULL ADDRESS REDACTED]
Richmond, VA
Business Industry
Offices of Physicians, Mental Health Specialists (NAICS code 621112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: VA-07Similar Companies near Richmond
In the Richmond area, 8 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 71 employees (compared to this company's 0) and received an average PPP loan of $723,643 (compared to this company's $16,100).
Similar Nearby Businesses Who Received PPP Funding:
Abundant Life Center Intensive In Home And Mental Health Sup
Richmond, VA
MED Atlantic Inc
Richmond, VA
Neil J Zemmel MD PC
Henrico, VA
Neuropsychiatric And Counseling Associates
Richmond, VA
Medi Spa West
Richmond, VA
Mediko, Inc.
Henrico, VA
Live 4 Life Inc
Richmond, VA
Industry PPP Comparison Statistics
Nationwide, 13,272 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1,260,960,972.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, and received an average PPP loan of $95,009, 490% higher than this company's loan of $16,100.
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.
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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