PPP Loan Data — Four Oaks Pet Hospital PA, Wilmington, NC
Four Oaks Pet Hospital PA is a subchapter s corporation located at 5725 Oleander Dr Ste G4 in Wilmington, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First-Citizens Bank & Trust Company
Four Oaks Pet Hospital PA in Wilmington, NC received a Paycheck Protection Loan of $25,000 through First-Citizens Bank & Trust Company, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Four Oaks Pet Hospital PA's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Four Oaks Pet Hospital PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Four Oaks Pet Hospital PA in Wilmington, NC
5725 Oleander Dr Ste G4
Wilmington, NC 28403
NAICS code 541940
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Wilmington
In the Wilmington area, 5 businesses in the "Veterinary Services" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 3) and received an average PPP loan of $147,237 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Dineen Animal Hospital, PA
Animal Emergency And Trauma Hospital
David W Highsmith, DVM., PA - Ppp
Eastern Carolina Veterinary Referral
Industry PPP Comparison Statistics
Nationwide, 21,908 businesses in the "Veterinary Services" industry received a total of $2.01B 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, 300% higher than Four Oaks Pet Hospital PA's reported 3 employees, and received an average PPP loan of $91,913, 268% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!