PPP Loan Data — Digestive Health Specialists, LLC, Independence, MO
Digestive Health Specialists, LLC
Entity: Limited Liability Company (LLC)
Location: Independence, MOTweet This • Search All PPP Data
Digestive Health Specialists, LLC is a limited liability company (LLC) located at 17501 Us Highway 4017501 E. Us Highway 40 Suite 213a in Independence, Missouri that received a Coronavirus-related PPP loan from the SBA of $1,971,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Digestive Health Specialists, LLC in Independence, MO received a Paycheck Protection Loan of $1.97M through Commerce 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 May, 2021.
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, Digestive Health Specialists, LLC's 2019 payroll expenses are estimated to be at least $9.46M.
Based on their reported 127 jobs retained, this equals an estimated average yearly compensation of $74,513 per employee1
Reported PPP Proceed Usage:
On the PPP application, Digestive Health Specialists, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,907,410
- Utilities: $18,060
- Rent: $46,030
Business Information - Digestive Health Specialists, LLC in Independence, MO
17501 Us Highway 4017501 E. Us Highway 40 Suite 213a
Independence, MO 64055
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Independence
In the Independence area, 11 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 127) and received an average PPP loan of $267,058 (compared to this company's $1.97M).
Similar Nearby Businesses Who Received PPP Funding:
Independence Pediatrics PC
Rosenblatt Clinic LLC
Ivna Medical Group LLC
Daniel R. Novack, OD LLC
Reinvent Your Health LLC
T Lucas MD LLC
Prompt Medical Clinic Inc /DBA
Family Care & Wellness LLC
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, 91% lower than Digestive Health Specialists, LLC's reported 127 employees, and received an average PPP loan of $119,087, 94% lower than this company's loan of $1.97M.
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Footnotes & Information
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