PPP Loan Data — Gregory J. Dray, MD.,PC, Asheville, NC
Gregory J. Dray, MD.,PC is a corporation located at 675 Biltmore Ave Ste E in Asheville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,210.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Gregory J. Dray, MD.,PC in Asheville, NC received a Paycheck Protection Loan of $25,210 through Customers Bank, 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, Gregory J. Dray, MD.,PC's 2019 payroll expenses are estimated to be at least $121,008.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,336 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gregory J. Dray, MD.,PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,210
Business Information - Gregory J. Dray, MD.,PC in Asheville, NC
675 Biltmore Ave Ste E
Asheville, NC 28803
Offices of Physicians, Mental Health Specialists
NAICS code 621112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Asheville
In the Asheville area, 8 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $17,049 (compared to this company's $25,210).
Similar Nearby Businesses Who Received PPP Funding:
Carolina Mountain Psychiatry PA
Mental Health Associates And Addictions
WNC Family Wellness Center
The Power Of Pleasure LLC
Kevin Roberts DBA Kevin Roberts
Debra Moon, Lcsw, PLLC
Mental Health Associates And Addiction
Industry PPP Comparison Statistics
Nationwide, 21,049 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1.68B 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 8 employees, 167% higher than Gregory J. Dray, MD.,PC's reported 3 employees, and received an average PPP loan of $80,024, 217% higher than this company's loan of $25,210.
FederalPay's PPP Information Policy
Footnotes & Information
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