PPP Loan Data — Dynamic Medical And Rehabilitation PLLC, Raleigh, NC
Dynamic Medical And Rehabilitation PLLC
Entity: Limited Liability Company (LLC)
Location: Raleigh, NCTweet This • Search All PPP Data
Dynamic Medical And Rehabilitation PLLC is a limited liability company (LLC) located at 817 New Bern Avenue Suite 204 in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,334.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Dynamic Medical And Rehabilitation PLLC in Raleigh, NC received a Paycheck Protection Loan of $25,334 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in May, 2020.
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, Dynamic Medical And Rehabilitation PLLC's 2019 payroll expenses are estimated to be at least $121,603.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,401 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dynamic Medical And Rehabilitation PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,334
Business Information - Dynamic Medical And Rehabilitation PLLC in Raleigh, NC
817 New Bern Avenue Suite 204
Raleigh, NC 27609
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Raleigh
In the Raleigh area, 69 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 4) and received an average PPP loan of $252,525 (compared to this company's $25,334).
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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, 175% higher than Dynamic Medical And Rehabilitation PLLC's reported 4 employees, and received an average PPP loan of $119,087, 370% higher than this company's loan of $25,334.
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