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PPP Loan Data — Lindsay Clark MD Medical Corporation,
San Mateo, CA
Lindsay Clark MD Medical Corporation
Entity: Subchapter S Corporation
Industry: All Other Professional, Scientific, and Technical Services
Location: San Mateo, CA
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Lindsay Clark MD Medical Corporation is a subchapter s corporation located at 215 N San Mateo Dr in San Mateo, California that received a Coronavirus-related PPP loan from the SBA of $45,000.00 in January, 2021.
The company has reported itself as a White female owned business, and employed at least six people during the applicable loan loan period.
$
PPP Loan Information
Loan #9834628301
Loan Size:
Jobs Retained:
6Loan Approved:
2021-01-31Loan Status:
Paid in Full or ForgivenLender:
Celtic Bank CorporationLindsay Clark MD Medical Corporation in San Mateo, CA received a Paycheck Protection Loan of $45,000 through Celtic Bank Corporation, which was approved in January, 2021.
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 September, 2021.
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 MoreUnderstanding 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 MoreBased 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, Lindsay Clark MD Medical Corporation's 2019 payroll expenses are estimated to be at least $216,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lindsay Clark MD Medical Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $44,996
- Utilities: $1
Business Information - Lindsay Clark MD Medical Corporation in San Mateo, CA
215 N San Mateo Dr
San Mateo, CA 94401
Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Race: White
Ethnicity: Unreported
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Mateo
In the San Mateo area, 29 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $100,933 (compared to this company's $45,000).
Similar Nearby Businesses Who Received PPP Funding:
DR. Soo Uhm Licensed Psychologist Inc
San Mateo, CA
SLM Architecture & Design Inc
Ca, CA
Nataly Barinov
San Mateo, CA
Hing Accountancy Corp
San Mateo, CA
Thomas Kane
San Mateo, CA
Positive Perspectives
San Mateo, CA
Norma Elsie Anderson
San Mateo, CA
Alfred Dominguez
San Mateo, CA
Industry PPP Comparison Statistics
Nationwide, 128,302 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.37B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 17% lower than Lindsay Clark MD Medical Corporation's reported 6 employees, and received an average PPP loan of $57,481, 28% higher than this company's loan of $45,000.
Lindsay Clark, MD, Medical Corporation
Entity: Subchapter S Corporation
Industry: All Other Professional, Scientific, and Technical Services
Location: San Mateo, CA
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Lindsay Clark, MD, Medical Corporation is a subchapter s corporation located at 215 North San Mateo Drive in San Mateo, California that received a Coronavirus-related PPP loan from the SBA of $65,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least six people during the applicable loan loan period.
$
PPP Loan Information
Loan #8570737206
Loan Size:
Jobs Retained:
6Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
Celtic Bank CorporationLindsay Clark, MD, Medical Corporation in San Mateo, CA received a Paycheck Protection Loan of $65,000 through Celtic Bank Corporation, which was approved in April, 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 June, 2021.
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 MoreUnderstanding 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 MoreBased 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, Lindsay Clark, MD, Medical Corporation's 2019 payroll expenses are estimated to be at least $312,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $52,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lindsay Clark, MD, Medical Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $48,750
- Rent: $16,250
Business Information - Lindsay Clark, MD, Medical Corporation in San Mateo, CA
215 North San Mateo Drive
San Mateo, CA 94401
Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Race: White
Ethnicity: Unreported
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Mateo
In the San Mateo area, 29 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $100,933 (compared to this company's $65,000).
Similar Nearby Businesses Who Received PPP Funding:
DR. Soo Uhm Licensed Psychologist Inc
San Mateo, CA
SLM Architecture & Design Inc
Ca, CA
Nataly Barinov
San Mateo, CA
Hing Accountancy Corp
San Mateo, CA
Thomas Kane
San Mateo, CA
Positive Perspectives
San Mateo, CA
Norma Elsie Anderson
San Mateo, CA
Alfred Dominguez
San Mateo, CA
Industry PPP Comparison Statistics
Nationwide, 128,302 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.37B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 17% lower than Lindsay Clark, MD, Medical Corporation's reported 6 employees, and received an average PPP loan of $57,481, 12% lower than this company's loan of $65,000.
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.
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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