PPP Loan Data — Lucas Speech Language Pathology, Warwick, NY
Lucas Speech Language Pathology
Entity: Limited Liability Company (LLC)
Location: Warwick, NYTweet This • Search All PPP Data
Lucas Speech Language Pathology is a limited liability company (LLC) located at 199 Kings Hwy Suite 200 in Warwick, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lucas Speech Language Pathology in Warwick, NY received a Paycheck Protection Loan of $25,000 through ConnectOne Bank, 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 April, 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, Lucas Speech Language Pathology's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lucas Speech Language Pathology reported intending to use the proceeds of their PPP loan for the following expenses:
- Utilities: $25,000
Business Information - Lucas Speech Language Pathology in Warwick, NY
199 Kings Hwy Suite 200
Warwick, NY 10990
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Warwick
In the Warwick area, 17 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $32,382 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Warwick Pediatrics, PC
Lucas Speech Language Pathology PLLC
DR. Mayank P. Shah
MGP Medical PLLC
Warwick Allergy PC
Robert Feldman, MD
Scott M Goldhaber DO PLLC
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, 267% higher than Lucas Speech Language Pathology's reported 3 employees, and received an average PPP loan of $119,087, 376% higher than this company's loan of $25,000.
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