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

PPP Loan Data — Clinical Associates Of The Palm Beaches, West Palm Beach, FL

ALERT: There are 2 PPP loans for a total of $59,138 in our database for businesses with the name "Clinical Associates Of The Palm Beaches" in West Palm Beach, FL. 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 Clinical Associates Of The Palm Beaches
FL

Clinical Associates Of The Palm Beaches

Entity: Corporation

Industry: Offices of All Other Miscellaneous Health Practitioners

Location: West Palm Beach, FL

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Clinical Associates Of The Palm Beaches is a corporation located at 1920 Palm Beach Lakes Blvd Ste 102 in West Palm Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $34,132.00 in March, 2021.

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

$ PPP Loan Information
Loan #8232408608

Loan Size:

$34,132

Jobs Retained:

5

Loan Approved:

2021-03-24

Loan Status:

Ongoing Loan

Lender:

Wells Fargo Bank, National Association

Clinical Associates Of The Palm Beaches in West Palm Beach, FL received a Paycheck Protection Loan of $34,132 through Wells Fargo Bank, National Association, which was approved in March, 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, Clinical Associates Of The Palm Beaches' 2019 payroll expenses are estimated to be at least $163,834.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $32,767 per employee1

Reported PPP Proceed Usage:

On the PPP application, Clinical Associates Of The Palm Beaches reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $34,128
  • Utilities: $1

Business Information - Clinical Associates Of The Palm Beaches in West Palm Beach, FL

Clinical Associates Of The Palm Beaches
1920 Palm Beach Lakes Blvd Ste 102
West Palm Beach, FL 33409

Business Industry:
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399

Business Owner Demographics

Race: White

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: Y

HUBZone: N

Rural / Urban: Urban

Palm Beach County, FL — SBA Office 0455 — Congressional District: FL-20

Similar Companies near West Palm Beach

In the West Palm Beach area, 23 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $70,339 (compared to this company's $34,132).

Industry PPP Comparison Statistics

Nationwide, 64,105 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.47B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 5 employees, the same amount reported by Clinical Associates Of The Palm Beaches and received an average PPP loan of $38,577, 13% higher than this company's loan of $34,132.

SBA PPP loan data, payroll data, and salaries for Clinical Associates Of The Palm Beaches
FL

Clinical Associates Of The Palm Beaches

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: West Palm Beach, FL

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Clinical Associates Of The Palm Beaches is a corporation located at 1920 Palm Beach Lakes Blvd. Suite102 in West Palm Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $25,006.00 in May, 2020.

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

$ PPP Loan Information
Loan #5886617404

Loan Size:

$25,006

Jobs Retained:

3

Loan Approved:

2020-05-13

Loan Status:

Ongoing Loan

Lender:

Wells Fargo Bank, National Association

Clinical Associates Of The Palm Beaches in West Palm Beach, FL received a Paycheck Protection Loan of $25,006 through Wells Fargo Bank, National Association, which was approved in May, 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, Clinical Associates Of The Palm Beaches' 2019 payroll expenses are estimated to be at least $120,029.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,010 per employee1

Reported PPP Proceed Usage:

On the PPP application, Clinical Associates Of The Palm Beaches reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,006

Business Information - Clinical Associates Of The Palm Beaches in West Palm Beach, FL

Clinical Associates Of The Palm Beaches
1920 Palm Beach Lakes Blvd. Suite102
West Palm Beach, FL 33409

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

Business Owner Demographics

Race: White

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: Y

HUBZone: N

Rural / Urban: Urban

Palm Beach County, FL — SBA Office 0455 — Congressional District: FL-20

Similar Companies near West Palm Beach

In the West Palm Beach area, 76 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 3) and received an average PPP loan of $90,080 (compared to this company's $25,006).

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, 267% higher than Clinical Associates Of The Palm Beaches' reported 3 employees, and received an average PPP loan of $119,087, 376% higher than this company's loan of $25,006.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/clinical-associates-of-the-palm-beaches-west-palm-beach-fl