PPP Loan Data — KBD Medical Management Inc, Jericho, NY
KBD Medical Management Inc
Entity: Subchapter S Corporation
Location: Jericho, NYTweet This • Search All PPP Data
KBD Medical Management Inc is a subchapter s corporation located at 350 Jericho Tpke in Jericho, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
KBD Medical Management Inc in Jericho, NY received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in June, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, KBD Medical Management Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, KBD Medical Management Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - KBD Medical Management Inc in Jericho, NY
350 Jericho Tpke
Jericho, NY 11753
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jericho
In the Jericho area, 22 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $45,009 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
RC Forensic Consulting LLC
Kings Park, NY
Seta Management Inc
ABI Capital Holdings LLC
Shelter Rock Management LLC
Yellowstone Sourcing Inc
Bica Ventures LLC
Industry PPP Comparison Statistics
Nationwide, 94,773 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.51B 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 KBD Medical Management Inc's reported 2 employees, and received an average PPP loan of $58,139, 133% higher than this company's loan of $25,000.
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