PPP Loan Data — Luis F. Arandia-Antelo MD, Lubbock, TX
Luis F. Arandia-Antelo MD
Entity: Sole Proprietorship
Location: Lubbock, TXTweet This • Search All PPP Data
Luis F. Arandia-Antelo MD is a sole proprietorship located at 4020 21st St Suite #2 in Lubbock, Texas that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Luis F. Arandia-Antelo MD in Lubbock, TX received a Paycheck Protection Loan of $45,900 through Prosperity 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 February, 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, Luis F. Arandia-Antelo MD's 2019 payroll expenses are estimated to be at least $220,320.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,064 per employee1
Reported PPP Proceed Usage:
On the PPP application, Luis F. Arandia-Antelo MD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,900
Business Information - Luis F. Arandia-Antelo MD in Lubbock, TX
4020 21st St Suite #2
Lubbock, TX 79410
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lubbock
In the Lubbock area, 66 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 5) and received an average PPP loan of $139,161 (compared to this company's $45,900).
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The Centre For Reproductive Medicine PA
Simboro Medical Professional Association
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 Luis F. Arandia-Antelo MD's reported 5 employees, and received an average PPP loan of $119,087, 159% higher than this company's loan of $45,900.
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