PPP Loan Data — Kanthi Raju, DO., PA, Richardson, TX
Kanthi Raju, DO., PA
Entity: Sole Proprietorship
Location: Richardson, TXTweet This • Search All PPP Data
Kanthi Raju, DO., PA is a sole proprietorship located at 2150 Lakeside Blvd,ste 225e in Richardson, Texas that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Kanthi Raju, DO., PA in Richardson, TX received a Paycheck Protection Loan of $25,400 through Customers 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 March, 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, Kanthi Raju, DO., PA's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kanthi Raju, DO., PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Kanthi Raju, DO., PA in Richardson, TX
2150 Lakeside Blvd,ste 225e
Richardson, TX 75082
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Richardson
In the Richardson area, 17 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 2) and received an average PPP loan of $59,980 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Green Crescent Herbs & Acupucture Clini
Healing Hands Massage Institute LLC
Ameri Wellness Group LLC
HMTt. One Inc
Industry PPP Comparison Statistics
Nationwide, 64,105 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.47B 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 5 employees, 150% higher than Kanthi Raju, DO., PA's reported 2 employees, and received an average PPP loan of $38,577, 52% higher than this company's loan of $25,400.
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