PPP Loan Data — Kevin Conboy MD, Greenwich, CT
Kevin Conboy MD
Entity: Sole Proprietorship
Location: Greenwich, CTTweet This • Search All PPP Data
Kevin Conboy MD is a sole proprietorship located at 49 Lake Ave in Greenwich, Connecticut that received a Coronavirus-related PPP loan from the SBA of $46,278.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The First Bank of Greenwich
Kevin Conboy MD in Greenwich, CT received a Paycheck Protection Loan of $46,278 through The First Bank of Greenwich, which was approved in May, 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 April, 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, Kevin Conboy MD's 2019 payroll expenses are estimated to be at least $222,134.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,534 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kevin Conboy MD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,278
Business Information - Kevin Conboy MD in Greenwich, CT
49 Lake Ave
Greenwich, CT 6830
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: N
Rural / Urban: Urban
Similar Companies near Greenwich
In the Greenwich area, 61 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 4) and received an average PPP loan of $118,980 (compared to this company's $46,278).
Similar Nearby Businesses Who Received PPP Funding:
Restorative Pain Solutions LLC
Adam J Messenger MD
Greenwich Anesthesiology Associates P C
Coastal Eye Surgeons PLLC
Henry & Michele Gasiorowski M. D. PC
Greenwich Medicine LLC
The Plastic And Reconstructive Surgery
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, 175% higher than Kevin Conboy MD's reported 4 employees, and received an average PPP loan of $119,087, 157% higher than this company's loan of $46,278.
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Footnotes & Information
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