PPP Loan Data — JMD, Inc, Mobile, AL
Entity: Subchapter S Corporation
Location: Mobile, ALTweet This • Search All PPP Data
JMD, Inc is a subchapter s corporation located in Mobile, Alabama that received a Coronavirus-related PPP loan from the SBA of $5,000.00 in May, 2020.
The company has reported itself as an American indian or alaska native owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
JMD, Inc in Mobile, AL received a Paycheck Protection Loan of $5,000 through Regions Bank, which was approved in May, 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 September, 2021.
Reported PPP Proceed Usage:
On the PPP application, JMD, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,000
Business Information - JMD, Inc in Mobile, AL
* Full address is redacted to protect the privacy of individuals.
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Race: American Indian or Alaska Native
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Mobile
In the Mobile area, 35 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 1) and received an average PPP loan of $240,194 (compared to this company's $5,000).
Similar Nearby Businesses Who Received PPP Funding:
Mobile Central Ob-Gyn PC
Port City Obstetrics And Gynecology PC
Coastal Neurological Institute, PC
Focus-Al1010, LLC, DBA Focus-MD
The Temple Fitness & Nutrition LLC
Thomas Geisenheimer Jr
Cardiovascular Associates, PC
Samuel B Hooks III
CRM Alabama LLC
Industry PPP Comparison Statistics
Nationwide, 176,426 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B 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, 1000% higher than JMD, Inc's reported 1 employees, and received an average PPP loan of $119,310, 2286% higher than this company's loan of $5,000.
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. Estimations for informational purposes only. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!