PPP Loan Data — Kimberly Edgmon MD PLLC, Edmond, OK
Kimberly Edgmon MD PLLC
Location: Edmond, OKTweet This • Search All PPP Data
Kimberly Edgmon MD PLLC is a corporation located at 2820 Kelly Ave Suite 200 in Edmond, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male veteran owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Fidelity Bank
Kimberly Edgmon MD PLLC in Edmond, OK received a Paycheck Protection Loan of $25,000 through First Fidelity 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 June, 2021.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
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, Kimberly Edgmon MD PLLC's 2019 payroll expenses are estimated to be at least $120,000 (not accounting for salary amounts > $100k).
Because the 1 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Kimberly Edgmon MD PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Kimberly Edgmon MD PLLC in Edmond, OK
2820 Kelly Ave Suite 200
Edmond, OK 73003
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Edmond
In the Edmond area, 12 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $65,950 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Robert T. Lehew DO. PLLC
Mark G Miles, MD., PLLC
Tammy Maschino MD PLLC
Lee Kirsch DO PLLC
Christian Cardiovascular Institute PC
Timothy F Krous MD PLLC
Jeanne M Schaefer MD, PLLC
Rodric Phillips MD PC
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, 1000% higher than Kimberly Edgmon MD PLLC's reported 1 employees, and received an average PPP loan of $119,087, 376% higher than this company's loan of $25,000.
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