PPP Loan Data — D S Miles DPM PA, Palatka, FL
D S Miles DPM PA is a corporation located at 320 Zeagler Dr. Suite B in Palatka, Florida that received a Coronavirus-related PPP loan from the SBA of $46,700.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
D S Miles DPM PA in Palatka, FL received a Paycheck Protection Loan of $46,700 through Ameris 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 April, 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, D S Miles DPM PA's 2019 payroll expenses are estimated to be at least $224,160.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, D S Miles DPM PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $27,962
- Health Care: $18,738
Business Information - D S Miles DPM PA in Palatka, FL
320 Zeagler Dr. Suite B
Palatka, FL 32177
Offices of Podiatrists
NAICS code 621391
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Palatka
In the Palatka area, 2 businesses in the "Offices of Podiatrists" 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 $68,600 (compared to this company's $46,700).
Similar Nearby Businesses Who Received PPP Funding:
East Coast Podiatry
Ormond Beach, FL
Industry PPP Comparison Statistics
Nationwide, 7,173 businesses in the "Offices of Podiatrists" industry received a total of $380.91M 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 6 employees, the same amount reported by D S Miles DPM PA and received an average PPP loan of $53,103, 14% higher than this company's loan of $46,700.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!