PPP Loan Data — Experiential Mental Heath Counseling PLLC, Troy, NY
Experiential Mental Heath Counseling PLLC
Entity: Limited Liability Company (LLC)
Location: Troy, NYTweet This • Search All PPP Data
Experiential Mental Heath Counseling PLLC is a limited liability company (LLC) located at 120 Defreest Drive, Suite 220 in Troy, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Experiential Mental Heath Counseling PLLC in Troy, NY received a Paycheck Protection Loan of $25,000 through Pioneer 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, Experiential Mental Heath Counseling PLLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Experiential Mental Heath Counseling PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Experiential Mental Heath Counseling PLLC in Troy, NY
120 Defreest Drive, Suite 220
Troy, NY 12180
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Troy
In the Troy area, 5 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 6) and received an average PPP loan of $22,721 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
DR. D. Joel Valentini DPM
Howard B. Tate And Son Funeral Home Inc
Refined Emergence LLC
Eco Kids: A Natural Childcare Center, LLC
Industry PPP Comparison Statistics
Nationwide, 18,626 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B 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 12 employees, 100% higher than Experiential Mental Heath Counseling PLLC's reported 6 employees, and received an average PPP loan of $88,620, 254% higher than this company's loan of $25,000.
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