PPP Loan Data — DR. Marrie Richards, Houston, TX
DR. Marrie Richards
Entity: Sole Proprietorship
Location: Houston, TXTweet This • Search All PPP Data
DR. Marrie Richards is a sole proprietorship located at 3400 Bissonnet #297 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:International Bank of Commerce
DR. Marrie Richards in Houston, TX received a Paycheck Protection Loan of $24,900 through International Bank of Commerce, 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 February, 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, DR. Marrie Richards' 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,760 per employee1
Reported PPP Proceed Usage:
On the PPP application, DR. Marrie Richards reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,700
- Rent: $6,200
Business Information - DR. Marrie Richards in Houston, TX
3400 Bissonnet #297
Houston, TX 77005
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 Houston
In the Houston area, 195 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 2) and received an average PPP loan of $94,064 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Alliance Radiology PLLC
Privia Medical Group Gulf Coast, PLLC
Bakshy Medical Care, PLLC
Asif Ali MD PA
John T. Kavanaugh, MD, PLLC
William Francis O'malley
Maher M Nasser & Associates, MD PA
Acucare Medical Clinic,PLLC,
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, 450% higher than DR. Marrie Richards' reported 2 employees, and received an average PPP loan of $119,087, 378% higher than this company's loan of $24,900.
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