PPP Loan Data — Helena's Family Doctor, LLC, Helena, AL
Helena's Family Doctor, LLC
Entity: Limited Liability Company (LLC)
Location: Helena, ALTweet This • Search All PPP Data
Helena's Family Doctor, LLC is a limited liability company (LLC) located at 775 2nd St in Helena, Alabama that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Helena's Family Doctor, LLC in Helena, AL received a Paycheck Protection Loan of $25,000 through Regions Bank, which was approved in April, 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, Helena's Family Doctor, LLC'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, Helena's Family Doctor, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Helena's Family Doctor, LLC in Helena, AL
775 2nd St
Helena, AL 35080
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 Helena
In the Helena area, 6 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $43,790 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Spectrum Anesthesia Associates LLC
Helena Family Medicine, LLC
Cahaba Family Medicine 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, 267% higher than Helena's Family Doctor, LLC's reported 3 employees, and received an average PPP loan of $119,087, 376% higher than this company's loan of $25,000.
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Footnotes & Information
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