PPP Loan Data — Lakeview Clinic LTD, Waconia, MN
Lakeview Clinic LTD
Location: Waconia, MNTweet This • Search All PPP Data
Lakeview Clinic LTD is a corporation located at 424 State Highway 5 W in Waconia, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,203,384.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 204 people during the applicable loan loan period.
$ PPP Loan Information
Lender:SECURITY BANK & TRUST COMPANY
Lakeview Clinic LTD received a Paycheck Protection Loan of $3.2M through SECURITY BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lakeview Clinic LTD's total 2019 payroll expenses were approximately $15.38M in order to qualify for the PPP loan amount received.
Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $75,374 per employee1.
Business Information - Lakeview Clinic LTD in Waconia, MN
424 State Highway 5 W
Waconia, MN 55387
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: MN-06
Similar Companies near Waconia
In the Waconia area, 3 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 204) and received an average PPP loan of $1,290,495 (compared to this company's $3.2M).
Similar Nearby Businesses Who Received PPP Funding:
Emergency Physicians & Consultants PA
Dr. Ann Aesthetics, Plc
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 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 10 employees, 95% lower than Lakeview Clinic LTD's reported 204 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.2M.
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