PPP Loan Data — Idaho Urologic Institue, PA, Meridian, ID
Idaho Urologic Institue, PA
Entity: Professional Association
Location: Meridian, IDTweet This • Search All PPP Data
Idaho Urologic Institue, PA is a professional association located at 2855 E Magic View Dr in Meridian, Idaho that received a Coronavirus-related PPP loan from the SBA of $1,604,900.00 in April, 2020.
The company has reported itself as a White male veteran owned business, and employed at least 109 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Idaho Urologic Institue, PA in Meridian, ID received a Paycheck Protection Loan of $1.6M through Umpqua Bank, 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 May, 2021.
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, Idaho Urologic Institue, PA's 2019 payroll expenses are estimated to be at least $7.7M.
Based on their reported 109 jobs retained, this equals an estimated average yearly compensation of $70,674 per employee1
Reported PPP Proceed Usage:
On the PPP application, Idaho Urologic Institue, PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,604,900
Business Information - Idaho Urologic Institue, PA in Meridian, ID
2855 E Magic View Dr
Meridian, ID 83642
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Meridian
In the Meridian area, 45 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 109) and received an average PPP loan of $179,719 (compared to this company's $1.6M).
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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, 90% lower than Idaho Urologic Institue, PA's reported 109 employees, and received an average PPP loan of $119,087, 93% lower than this company's loan of $1.6M.
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