PPP Loan Data — Mammography Center Of Monterey, Monterey, CA
Mammography Center Of Monterey is a subchapter s corporation located at 700 Cass St Ste 120 in Monterey, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
The company has reported itself as a female owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:1st Capital Bank
Mammography Center Of Monterey in Monterey, CA received a Paycheck Protection Loan of $25,000 through 1st Capital Bank, which was approved in January, 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, Mammography Center Of Monterey's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mammography Center Of Monterey reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,997
- Utilities: $1
Business Information - Mammography Center Of Monterey in Monterey, CA
700 Cass St Ste 120
Monterey, CA 93940
Diagnostic Imaging Centers
NAICS code 621512
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
Industry PPP Comparison Statistics
Nationwide, 3,228 businesses in the "Diagnostic Imaging Centers" industry received a total of $543.6M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 14 employees, 133% higher than Mammography Center Of Monterey's reported 6 employees, and received an average PPP loan of $168,402, 574% higher than this company's loan of $25,000.
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Footnotes & Information
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