PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — HJC Medicine PLLC, Flushing, NY

ALERT: There are 2 PPP loans for a total of $203,045 in our database for businesses with the name "HJC Medicine PLLC" in Flushing, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for HJC Medicine PLLC
NY

HJC Medicine PLLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Flushing, NY

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HJC Medicine PLLC is a limited liability company (LLC) located at 13516 Roosevelt Ave Ste 3 in Flushing, New York that received a Coronavirus-related PPP loan from the SBA of $110,545.00 in March, 2021.

The company has reported itself as an Asian owned business, and employed at least fifteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #5564338505

Loan Size:

$110,545

Jobs Retained:

15

Loan Approved:

2021-03-01

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

HJC Medicine PLLC in Flushing, NY received a Paycheck Protection Loan of $110,545 through JPMorgan Chase Bank, National Association, which was approved in March, 2021.

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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, HJC Medicine PLLC's 2019 payroll expenses are estimated to be at least $530,616.

Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $35,374 per employee1

Reported PPP Proceed Usage:

On the PPP application, HJC Medicine PLLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $110,545

Business Information - HJC Medicine PLLC in Flushing, NY

HJC Medicine PLLC
13516 Roosevelt Ave Ste 3
Flushing, NY 11354

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Queens County, NY — SBA Office 0202 — Congressional District: NY-06

Similar Companies near Flushing

In the Flushing area, 368 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 15) and received an average PPP loan of $81,956 (compared to this company's $110,545).

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, 27% lower than HJC Medicine PLLC's reported 15 employees, and received an average PPP loan of $119,087, 8% higher than this company's loan of $110,545.

SBA PPP loan data, payroll data, and salaries for HJC Medicine, PLLC
NY

HJC Medicine, PLLC

Entity: Limited Liability Company (LLC)

Industry: All Other Miscellaneous Ambulatory Health Care Services

Location: Flushing, NY

Search All PPP Data

HJC Medicine, PLLC is a limited liability company (LLC) located at 13516 Roosevelt Ave Fl 3 in Flushing, New York that received a Coronavirus-related PPP loan from the SBA of $92,500.00 in May, 2020.

The company has reported itself as an Asian owned business, and employed at least thirteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #1484737709

Loan Size:

$92,500

Jobs Retained:

13

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

HJC Medicine, PLLC in Flushing, NY received a Paycheck Protection Loan of $92,500 through JPMorgan Chase Bank, National Association, which was approved in May, 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, HJC Medicine, PLLC's 2019 payroll expenses are estimated to be at least $444,000.

Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $34,154 per employee1

Reported PPP Proceed Usage:

On the PPP application, HJC Medicine, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $74,000
  • Rent: $15,700
  • Health Care: $2,800

Business Information - HJC Medicine, PLLC in Flushing, NY

HJC Medicine, PLLC
13516 Roosevelt Ave Fl 3
Flushing, NY 11354

Business Industry:
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Queens County, NY — SBA Office 0202 — Congressional District: NY-06

Similar Companies near Flushing

In the Flushing area, 36 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 13) and received an average PPP loan of $102,813 (compared to this company's $92,500).

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, 8% lower than HJC Medicine, PLLC's reported 13 employees, and received an average PPP loan of $88,620, 4% lower than this company's loan of $92,500.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/hjc-medicine-pllc-flushing-ny