PPP Loan Data — Holtville Family Practice, LLC, Wetumpka, AL
Holtville Family Practice, LLC
Entity: Limited Liability Company (LLC)
Location: Wetumpka, ALTweet This • Search All PPP Data
Holtville Family Practice, LLC is a limited liability company (LLC) located at 8502 Holtville Rd in Wetumpka, Alabama that received a Coronavirus-related PPP loan from the SBA of $46,534.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Community Bank of Central Alabama
Holtville Family Practice, LLC in Wetumpka, AL received a Paycheck Protection Loan of $46,534 through First Community Bank of Central Alabama, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 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, Holtville Family Practice, LLC's 2019 payroll expenses are estimated to be at least $223,363.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,227 per employee1
Reported PPP Proceed Usage:
On the PPP application, Holtville Family Practice, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,901
- Utilities: $11,633
Business Information - Holtville Family Practice, LLC in Wetumpka, AL
8502 Holtville Rd
Wetumpka, AL 36092
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: Rural
Similar Companies near Wetumpka
In the Wetumpka area, 7 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $39,486 (compared to this company's $46,534).
Similar Nearby Businesses Who Received PPP Funding:
Wetumpka Family Practice LLC
Tommy Garnett, DPM
Steven Mark Hayden
Bipin Kumar, MD
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, 83% higher than Holtville Family Practice, LLC's reported 6 employees, and received an average PPP loan of $119,087, 156% higher than this company's loan of $46,534.
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