PPP Loan Data — Commonwealth Sleep Center, LLC, Gainesville, VA
Commonwealth Sleep Center, LLC
Entity: Subchapter S Corporation
Location: Gainesville, VATweet This • Search All PPP Data
Commonwealth Sleep Center, LLC is a subchapter s corporation located at 7001 Heritage Village Plz Suite 120 in Gainesville, Virginia that received a Coronavirus-related PPP loan from the SBA of $46,300.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Capital One, National Association
Commonwealth Sleep Center, LLC in Gainesville, VA received a Paycheck Protection Loan of $46,300 through Capital One, National Association, which was approved in April, 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
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, Commonwealth Sleep Center, LLC's 2019 payroll expenses are estimated to be at least $222,240.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,040 per employee1
Reported PPP Proceed Usage:
On the PPP application, Commonwealth Sleep Center, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,300
Business Information - Commonwealth Sleep Center, LLC in Gainesville, VA
7001 Heritage Village Plz Suite 120
Gainesville, VA 20155
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gainesville
In the Gainesville area, 28 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 6) and received an average PPP loan of $116,423 (compared to this company's $46,300).
Similar Nearby Businesses Who Received PPP Funding:
Jyothi Gadde MD PA
Northern Virginia Psychiatry PC
Watoto Pediatric & Adolescent Specialty LLC
David W Allison MD PC
Gainesville Urgent Medical Care PC
Hussny Family Practice PLLC
Renewal Dermatology & Medspa, PC
Gainesville Family Practice P C
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 Commonwealth Sleep Center, LLC's reported 6 employees, and received an average PPP loan of $119,087, 157% higher than this company's loan of $46,300.
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