PPP Loan Data — Kings Park Medicine PC, Kings Park, NY
Kings Park Medicine PC
Entity: Subchapter S Corporation
Location: Kings Park, NYTweet This • Search All PPP Data
Kings Park Medicine PC is a subchapter s corporation located at 93 Main St. Ste in Kings Park, New York that received a Coronavirus-related PPP loan from the SBA of $10,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Kings Park Medicine PC in Kings Park, NY received a Paycheck Protection Loan of $10,000 through Cross River Bank, which was approved in May, 2020.
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, Kings Park Medicine PC's 2019 payroll expenses are estimated to be at least $48,000.
Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $48,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kings Park Medicine PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,000
Business Information - Kings Park Medicine PC in Kings Park, NY
93 Main St. Ste
Kings Park, NY 11754
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Kings Park
In the Kings Park area, 60 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 1) and received an average PPP loan of $65,937 (compared to this company's $10,000).
Similar Nearby Businesses Who Received PPP Funding:
Elizabeth A. Berger Otr
Kings Park, NY
Inho S Kay Physician MD PC
Coscetta Management Inc
Kings Park, NY
L.i. Complementary & Family Care PC
Lake Grove, NY
Michael J Everoski MD PC
Kings Park, NY
Physicians Practice Management Associates LTD
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 Kings Park Medicine PC's reported 1 employees, and received an average PPP loan of $119,087, 1091% higher than this company's loan of $10,000.
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Footnotes & Information
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