PPP Loan Data — KUO Medical Care, PLLC, Flushing, NY
KUO Medical Care, PLLC
Entity: Limited Liability Company (LLC)
Location: Flushing, NYTweet This • Search All PPP Data
KUO Medical Care, PLLC is a limited liability company (LLC) located at 42-02 Kissena Blvd Suite #1a in Flushing, New York that received a Coronavirus-related PPP loan from the SBA of $46,975.00 in May, 2020.
The company has reported itself as an Asian female owned business, and employed at least 110 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
KUO Medical Care, PLLC in Flushing, NY received a Paycheck Protection Loan of $46,975 through JPMorgan Chase Bank, National Association, 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 May, 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, KUO Medical Care, PLLC's 2019 payroll expenses are estimated to be at least $225,480.
Based on their reported 110 jobs retained, this equals an estimated average yearly compensation of $2,050 per employee1
Reported PPP Proceed Usage:
On the PPP application, KUO Medical Care, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,500
- Utilities: $17,000
- Rent: $4,500
- Health Care: $3,975
Business Information - KUO Medical Care, PLLC in Flushing, NY
42-02 Kissena Blvd Suite #1a
Flushing, NY 11355
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Flushing
In the Flushing area, 37 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 110) and received an average PPP loan of $103,913 (compared to this company's $46,975).
Similar Nearby Businesses Who Received PPP Funding:
DR. Xu's Comprehensive Medical, PLLC
HJC Medicine, PLLC
Harlem Firstaid Medical PC
East Sea Medical Care PC
Innocare Medical, PC
Days Nurse Practitioner In Family Health PC
Tian Nian Health Management Llcdba Tian Nian Adult Daycare C
Shen-Han Lin Medical PC
Metropolitan Nurse Practitioner In Family Health PLLC
Industry PPP Comparison Statistics
Nationwide, 18,626 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B 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 12 employees, 89% lower than KUO Medical Care, PLLC's reported 110 employees, and received an average PPP loan of $88,620, 89% higher than this company's loan of $46,975.
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Footnotes & Information
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