PPP Loan Data — Karim J. Khimani, MD, Elizabeth, NJ
Karim J. Khimani, MD
Entity: Limited Liability Company (LLC)
Location: Elizabeth, NJTweet This • Search All PPP Data
Karim J. Khimani, MD is a limited liability company (LLC) located at 240 Williamson St in Elizabeth, New Jersey that received a Coronavirus-related PPP loan from the SBA of $47,048.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Karim J. Khimani, MD in Elizabeth, NJ received a Paycheck Protection Loan of $47,048 through Columbia 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, Karim J. Khimani, MD's 2019 payroll expenses are estimated to be at least $225,830.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,277 per employee1
Reported PPP Proceed Usage:
On the PPP application, Karim J. Khimani, MD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,048
Business Information - Karim J. Khimani, MD in Elizabeth, NJ
240 Williamson St
Elizabeth, NJ 7202
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Elizabeth
In the Elizabeth area, 44 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 3) and received an average PPP loan of $111,919 (compared to this company's $47,048).
Similar Nearby Businesses Who Received PPP Funding:
Cholankeril Medical Associates MD. LLC
Scott Wellington, Inc
University Medical Professionals LLC
Cholankeril Medical AssMD,LLC
Psychotherapy Solutions LLC
UMA M. Viswanathan MD. PA
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, 267% higher than Karim J. Khimani, MD's reported 3 employees, and received an average PPP loan of $119,087, 153% higher than this company's loan of $47,048.
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Footnotes & Information
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