PPP Loan Data — John H Welborn Medical Corporation, Pinole, CA
John H Welborn Medical Corporation
Location: Pinole, CATweet This • Search All PPP Data
John H Welborn Medical Corporation is a corporation located at 1700 San Pablo Av Suite F Suite F in Pinole, California that received a Coronavirus-related PPP loan from the SBA of $46,693.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
John H Welborn Medical Corporation in Pinole, CA received a Paycheck Protection Loan of $46,693 through Wells Fargo Bank, National Association, 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 May, 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, John H Welborn Medical Corporation's 2019 payroll expenses are estimated to be at least $224,126.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,825 per employee1
Reported PPP Proceed Usage:
On the PPP application, John H Welborn Medical Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,693
Business Information - John H Welborn Medical Corporation in Pinole, CA
1700 San Pablo Av Suite F Suite F
Pinole, CA 94564
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: Y
Rural / Urban: Urban
Similar Companies near Pinole
In the Pinole area, 46 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $72,398 (compared to this company's $46,693).
Similar Nearby Businesses Who Received PPP Funding:
Site Solutions, Inc
Lloyd H. Takao, MD
Larry H Woodcox DPM APC
Center For Specialized Surgery
Joel C Ross MD Inc
Olive Leaf Pediatrics
Kristin K. Walker MD. Inc
Pittsburg-Antioch Medical Group A Professional Corporation
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, 120% higher than John H Welborn Medical Corporation's reported 5 employees, and received an average PPP loan of $119,087, 155% higher than this company's loan of $46,693.
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