PPP Loan Data — John W Spurlock MD, PC, Bethlehem, PA
John W Spurlock MD, PC
Location: Bethlehem, PATweet This • Search All PPP Data
John W Spurlock MD, PC is a corporation located at 433 E Broad St Unit One in Bethlehem, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $66,380.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fulton Bank, National Association
John W Spurlock MD, PC in Bethlehem, PA received a Paycheck Protection Loan of $66,380 through Fulton Bank, National Association, which was approved in April, 2020.
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 W Spurlock MD, PC's 2019 payroll expenses are estimated to be at least $318,624.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $63,725 per employee1
Reported PPP Proceed Usage:
On the PPP application, John W Spurlock MD, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $66,380
Business Information - John W Spurlock MD, PC in Bethlehem, PA
433 E Broad St Unit One
Bethlehem, PA 18018
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 Bethlehem
In the Bethlehem area, 46 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 5) and received an average PPP loan of $241,833 (compared to this company's $66,380).
Similar Nearby Businesses Who Received PPP Funding:
Pendurthi Surgical Associates LLC
Halin Christina Lee
Charles J. Incalcaterra, DMD
Edward C.h. Chen, MD
Yevelson Internal Medicine
Lehigh Valley Dermatology
Progressive Physician Associates, Inc
Mohammad Ishaq Arastu, MD
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 W Spurlock MD, PC's reported 5 employees, and received an average PPP loan of $119,087, 79% higher than this company's loan of $66,380.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!