PPP Loan Data — Ludmila Gudz MD PA, Union, NJ
Ludmila Gudz MD PA
Entity: Subchapter S Corporation
Location: Union, NJTweet This • Search All PPP Data
Ludmila Gudz MD PA is a subchapter s corporation located at 2333 Morris Ave Suite B115 in Union, New Jersey that received a Coronavirus-related PPP loan from the SBA of $45,720.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Ludmila Gudz MD PA in Union, NJ received a Paycheck Protection Loan of $45,720 through WebBank, which was approved in April, 2020.
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, Ludmila Gudz MD PA's 2019 payroll expenses are estimated to be at least $219,456.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $43,891 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ludmila Gudz MD PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,720
Business Information - Ludmila Gudz MD PA in Union, NJ
2333 Morris Ave Suite B115
Union, NJ 7083
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Union
In the Union area, 79 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 5) and received an average PPP loan of $125,922 (compared to this company's $45,720).
Similar Nearby Businesses Who Received PPP Funding:
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Advanced Spine And Outpatient Surgery Center, LLC
Orthopaedic Physicians & Surgeons PC
James Haberman MD PA
The Birth Center Of New Jersey LLC
William Scott Digiacomo MD LLC
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, 120% higher than Ludmila Gudz MD PA's reported 5 employees, and received an average PPP loan of $119,087, 160% higher than this company's loan of $45,720.
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Footnotes & Information
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