PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Lehigh Valley Dermatology, Bethlehem, PA

ALERT: There are 2 PPP loans for a total of $468,633 in our database for businesses with the name "Lehigh Valley Dermatology" in Bethlehem, PA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Lehigh Valley Dermatology
PA

Lehigh Valley Dermatology

Entity: Limited Liability Company (LLC)

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Bethlehem, PA

Search All PPP Data

Lehigh Valley Dermatology is a limited liability company (LLC) located at 940 N New St in Bethlehem, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $228,840.00 in February, 2021.

$ PPP Loan Information
Loan #4259858507

Loan Size:

$228,840

Jobs Retained:

15

Loan Approved:

2021-02-25

Loan Status:

Ongoing Loan

Lender:

Truist Bank d/b/a Branch Banking & Trust Co

Lehigh Valley Dermatology in Bethlehem, PA received a Paycheck Protection Loan of $228,840 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Lehigh Valley Dermatology's 2019 payroll expenses are estimated to be at least $1.1M.

Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $73,229 per employee1

Reported PPP Proceed Usage:

On the PPP application, Lehigh Valley Dermatology reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $228,834
  • Utilities: $1

Business Information - Lehigh Valley Dermatology in Bethlehem, PA

Lehigh Valley Dermatology
940 N New St
Bethlehem, PA 18018

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Northampton County, PA — SBA Office 0303 — Congressional District: PA-07

Similar Companies near Bethlehem

In the Bethlehem area, 83 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 15) and received an average PPP loan of $157,754 (compared to this company's $228,840).

Industry PPP Comparison Statistics

Nationwide, 166,222 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20.52B 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, 27% lower than Lehigh Valley Dermatology's reported 15 employees, and received an average PPP loan of $123,474, 46% lower than this company's loan of $228,840.

SBA PPP loan data, payroll data, and salaries for Lehigh Valley Dermatology
PA

Lehigh Valley Dermatology

Entity: Limited Liability Company (LLC)

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Bethlehem, PA

Search All PPP Data

Lehigh Valley Dermatology is a limited liability company (LLC) located at 940 N New St in Bethlehem, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $239,793.00 in May, 2020.

$ PPP Loan Information
Loan #1475697403

Loan Size:

$239,793

Jobs Retained:

16

Loan Approved:

2020-05-04

Loan Status:

Ongoing Loan

Lender:

Truist Bank d/b/a Branch Banking & Trust Co

Lehigh Valley Dermatology in Bethlehem, PA received a Paycheck Protection Loan of $239,793 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Lehigh Valley Dermatology's 2019 payroll expenses are estimated to be at least $1.15M.

Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $71,938 per employee1

Reported PPP Proceed Usage:

On the PPP application, Lehigh Valley Dermatology reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $239,793

Business Information - Lehigh Valley Dermatology in Bethlehem, PA

Lehigh Valley Dermatology
940 N New St
Bethlehem, PA 18018

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Northampton County, PA — SBA Office 0303 — Congressional District: PA-07

Similar Companies near Bethlehem

In the Bethlehem area, 83 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 16) and received an average PPP loan of $157,754 (compared to this company's $239,793).

Industry PPP Comparison Statistics

Nationwide, 166,222 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20.52B 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, 31% lower than Lehigh Valley Dermatology's reported 16 employees, and received an average PPP loan of $123,474, 49% lower than this company's loan of $239,793.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/lehigh-valley-dermatology-bethlehem-pa