PPP Loan Data — Harvey J Miller MD, Islip, NY
Harvey J Miller MD
Entity: Sole Proprietorship
Location: Islip, NYTweet This • Search All PPP Data
Harvey J Miller MD is a sole proprietorship located at 2330 Union Blvd in Islip, New York that received a Coronavirus-related PPP loan from the SBA of $24,925.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The First National Bank of Long Island
Harvey J Miller MD in Islip, NY received a Paycheck Protection Loan of $24,925 through The First National Bank of Long Island, 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, Harvey J Miller MD's 2019 payroll expenses are estimated to be at least $119,640.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,820 per employee1
Reported PPP Proceed Usage:
On the PPP application, Harvey J Miller MD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,925
Business Information - Harvey J Miller MD in Islip, NY
2330 Union Blvd
Islip, NY 11751
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Islip
In the Islip area, 15 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 2) and received an average PPP loan of $227,205 (compared to this company's $24,925).
Similar Nearby Businesses Who Received PPP Funding:
South Bay Physial Therapy And Sports RE
Gloria Escobar MD DBA Islip Family Pracitce
Partners In Critical Care LLP
Islip Pediatrics PC
William E Mccormick MD PC
Islip Terrace, NY
Mzserina Holistic Solutions Inc
Islip Terrace, NY
Island Medical Services, PC
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, 450% higher than Harvey J Miller MD's reported 2 employees, and received an average PPP loan of $119,087, 378% higher than this company's loan of $24,925.
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