PPP Loan Data — Kansas Medical Clinic, PA, Topeka, KS
Kansas Medical Clinic, PA is a corporation located at 2200 Sw 6th St. in Topeka, Kansas that received a Coronavirus-related PPP loan from the SBA of $1,584,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Silver Lake Bank
Kansas Medical Clinic, PA in Topeka, KS received a Paycheck Protection Loan of $1.58M through Silver Lake Bank, which was approved in April, 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 December, 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, Kansas Medical Clinic, PA's 2019 payroll expenses are estimated to be at least $7.6M.
Based on their reported 144 jobs retained, this equals an estimated average yearly compensation of $52,800 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kansas Medical Clinic, PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,584,000
Business Information - Kansas Medical Clinic, PA in Topeka, KS
2200 Sw 6th St.
Topeka, KS 66606
NAICS code 621511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Topeka
In the Topeka area, 3 businesses in the "Medical Laboratories" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 144) and received an average PPP loan of $586,967 (compared to this company's $1.58M).
Similar Nearby Businesses Who Received PPP Funding:
The Endoscopy Center Of Topeka LP
Industry PPP Comparison Statistics
Nationwide, 5,753 businesses in the "Medical Laboratories" industry received a total of $848.85M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 14 employees, 90% lower than Kansas Medical Clinic, PA's reported 144 employees, and received an average PPP loan of $147,548, 91% lower than this company's loan of $1.58M.
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Footnotes & Information
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