PPP Loan Data — Islip Pediatrics PC, Islip, NY
Islip Pediatrics PC
Location: Islip, NYTweet This • Search All PPP Data
Islip Pediatrics PC is a corporation located at 215 Islip Ave in Islip, New York that received a Coronavirus-related PPP loan from the SBA of $81,665.00 in May, 2020.
The company has reported itself as an Asian female owned business, and employed at least six people during the applicable loan loan period.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Islip Pediatrics PC received a Paycheck Protection Loan of $81,665 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Islip Pediatrics PC's total 2019 payroll expenses were approximately $391,992 in order to qualify for the PPP loan amount received.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $65,332 per employee1.
Business Information - Islip Pediatrics PC in Islip, NY
215 Islip Ave
Islip, NY 11751
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: NY-02
Similar Companies near Islip
In the Islip area, 9 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 6) and received an average PPP loan of $333,581 (compared to this company's $81,665).
Similar Nearby Businesses Who Received PPP Funding:
Contemporary Medical Services PC
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Island Medical Services, PC
Harvey J Miller MD
Mzserina Holistic Solutions Inc
Islip Terrace, NY
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South Shore Neurologic Assoicates
South Bay Physial Therapy And Sports RE
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 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 10 employees, 67% higher than Islip Pediatrics PC's reported 6 employees, and received an average PPP loan of $138,136, 69% higher than this company's loan of $81,665.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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