PPP Loan Data — K&S Surgical And Anesthesia Group LLC, Englewood Cliffs, NJ
K&S Surgical And Anesthesia Group LLC
Entity: Limited Liability Company (LLC)
Location: Englewood Cliffs, NJTweet This • Search All PPP Data
K&S Surgical And Anesthesia Group LLC is a limited liability company (LLC) located at 57 Elm St in Englewood Cliffs, New Jersey that received a Coronavirus-related PPP loan from the SBA of $46,420.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Valley National Bank
K&S Surgical And Anesthesia Group LLC in Englewood Cliffs, NJ received a Paycheck Protection Loan of $46,420 through Valley National 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, K&S Surgical And Anesthesia Group LLC's 2019 payroll expenses are estimated to be at least $222,816.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,757 per employee1
Reported PPP Proceed Usage:
On the PPP application, K&S Surgical And Anesthesia Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,420
Business Information - K&S Surgical And Anesthesia Group LLC in Englewood Cliffs, NJ
57 Elm St
Englewood Cliffs, NJ 7632
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 Englewood Cliffs
In the Englewood Cliffs area, 207 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 9) and received an average PPP loan of $93,963 (compared to this company's $46,420).
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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, 22% higher than K&S Surgical And Anesthesia Group LLC's reported 9 employees, and received an average PPP loan of $119,087, 157% higher than this company's loan of $46,420.
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