PPP Loan Data — ER Imaging Inc, Greenville, NC
ER Imaging Inc
Entity: Subchapter S Corporation
Location: Greenville, NCTweet This • Search All PPP Data
ER Imaging Inc is a subchapter s corporation located at 2101 W. Arlington Blvd Suite 210 in Greenville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $1,536,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First-Citizens Bank & Trust Company
ER Imaging Inc in Greenville, NC received a Paycheck Protection Loan of $1.54M through First-Citizens Bank & Trust Company, 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 December, 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, ER Imaging Inc's 2019 payroll expenses are estimated to be at least $7.38M.
Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $41,913 per employee1
Reported PPP Proceed Usage:
On the PPP application, ER Imaging Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,536,800
Business Information - ER Imaging Inc in Greenville, NC
2101 W. Arlington Blvd Suite 210
Greenville, NC 27834
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 Greenville
In the Greenville area, 43 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 176) and received an average PPP loan of $468,034 (compared to this company's $1.54M).
Similar Nearby Businesses Who Received PPP Funding:
Eastern Carolina Medical Services PLLC
Isaac A Artis Jr MD PA
Orthopaedics East & Sports Medicine Center Inc
White Eye Associates, PA
Carolina Women's Physicians PA
Viva Med, PLLC
Eastern Dermatology & Pathology, PA
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, 94% lower than ER Imaging Inc's reported 176 employees, and received an average PPP loan of $119,087, 92% lower than this company's loan of $1.54M.
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Footnotes & Information
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