PPP Loan Data — International Pediatrics Medical Group Inc, Oakland, CA
International Pediatrics Medical Group Inc
Location: Oakland, CATweet This • Search All PPP Data
International Pediatrics Medical Group Inc is a corporation located at 600 International Blvd Ste 102 in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $46,445.00 in January, 2021.
The company has reported itself as an Asian male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
International Pediatrics Medical Group Inc in Oakland, CA received a Paycheck Protection Loan of $46,445 through Bank of America, National Association, which was approved in January, 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, International Pediatrics Medical Group Inc's 2019 payroll expenses are estimated to be at least $222,936.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,312 per employee1
Reported PPP Proceed Usage:
On the PPP application, International Pediatrics Medical Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,443
- Utilities: $1
Business Information - International Pediatrics Medical Group Inc in Oakland, CA
600 International Blvd Ste 102
Oakland, CA 94606
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Oakland
In the Oakland area, 22 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 3) and received an average PPP loan of $25,667 (compared to this company's $46,445).
Similar Nearby Businesses Who Received PPP Funding:
Phuong Duc Dang MD
William Chinnock III
DR. Bay Dang-Vu, MD
David Ke-H Tuan, MD., Inc
Christina U Veverka
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, 267% higher than International Pediatrics Medical Group Inc's reported 3 employees, and received an average PPP loan of $119,087, 156% higher than this company's loan of $46,445.
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