PPP Loan Data — Intercity Gastroenterology PC-Sba Small 7A Term, Fresh Meadows, NY
Intercity Gastroenterology PC-Sba Small 7A Term is a corporation located at 19303 Union Tpke in Fresh Meadows, New York that received a Coronavirus-related PPP loan from the SBA of $46,222.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Intercity Gastroenterology PC-Sba Small 7A Term in Fresh Meadows, NY received a Paycheck Protection Loan of $46,222 through TD 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
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, Intercity Gastroenterology PC-Sba Small 7A Term's 2019 payroll expenses are estimated to be at least $221,866.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $14,791 per employee1
Reported PPP Proceed Usage:
On the PPP application, Intercity Gastroenterology PC-Sba Small 7A Term reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,222
Business Information - Intercity Gastroenterology PC-Sba Small 7A Term in Fresh Meadows, NY
19303 Union Tpke
Fresh Meadows, NY 11366
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Intercity Gastroenterology PC-Sba Small 7A Term's reported 15 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $46,222.
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Footnotes & Information
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