PPP Loan Data — Innovative Dermatology Alliance AZ, Phoenix, AZ
Innovative Dermatology Alliance AZ
Location: Phoenix, AZTweet This • Search All PPP Data
Innovative Dermatology Alliance AZ is a corporation located at 3318 W Lucia Dr in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Innovative Dermatology Alliance AZ in Phoenix, AZ received a Paycheck Protection Loan of $24,900 through Johnson 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 February, 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, Innovative Dermatology Alliance AZ's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Innovative Dermatology Alliance AZ reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,675
- Utilities: $3,113
- Mortgage Interest: $3,113
Business Information - Innovative Dermatology Alliance AZ in Phoenix, AZ
3318 W Lucia Dr
Phoenix, AZ 85083
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 Phoenix
In the Phoenix area, 11 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $19,271 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Kulbhushan Paul MDp.c
Stephen L Johnson PC
Michelle J West, PLLC
Julaiha B Ariff, MD,PC
Kunz Anesthesia LLC
Asan M Ariff MD 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, 175% higher than Innovative Dermatology Alliance AZ's reported 4 employees, and received an average PPP loan of $119,087, 378% higher than this company's loan of $24,900.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!