PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Mark J Schefkind MD PC, Alexandria, VA

ALERT: There are 2 PPP loans for a total of $429,313 in our database for businesses with the name "Mark J Schefkind MD PC" in Alexandria, VA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Mark J Schefkind MD PC
VA

Mark J Schefkind MD PC

Entity: Subchapter S Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Alexandria, VA

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Mark J Schefkind MD PC is a subchapter s corporation located at 8101 Hinson Farm Rd Ste 203 in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $216,413.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least seventeen people during the applicable loan loan period.

$ PPP Loan Information
Loan #7113928309

Loan Size:

$216,413

Jobs Retained:

17

Loan Approved:

2021-01-27

Loan Status:

Paid in Full or Forgiven

Lender:

Burke & Herbert Bank & Trust Company

Mark J Schefkind MD PC in Alexandria, VA received a Paycheck Protection Loan of $216,413 through Burke & Herbert Bank & Trust Company, 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 More
Understanding 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 More

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, Mark J Schefkind MD PC's 2019 payroll expenses are estimated to be at least $1.04M.

Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $61,105 per employee1

Reported PPP Proceed Usage:

On the PPP application, Mark J Schefkind MD PC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $216,409
  • Utilities: $1

Business Information - Mark J Schefkind MD PC in Alexandria, VA

Mark J Schefkind MD PC
8101 Hinson Farm Rd Ste 203
Alexandria, VA 22306

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fairfax County, VA — SBA Office 0353 — Congressional District: VA-08

Similar Companies near Alexandria

In the Alexandria area, 25 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 17) and received an average PPP loan of $172,564 (compared to this company's $216,413).

Industry PPP Comparison Statistics

Nationwide, 176,427 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B 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, 35% lower than Mark J Schefkind MD PC's reported 17 employees, and received an average PPP loan of $119,313, 45% lower than this company's loan of $216,413.

SBA PPP loan data, payroll data, and salaries for Mark J Schefkind MD, PC
VA

Mark J Schefkind MD, PC

Entity: Subchapter S Corporation

Industry: Offices of Optometrists

Location: Alexandria, VA

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Mark J Schefkind MD, PC is a subchapter s corporation located at 8101 Hinson Farm Rd in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $212,900.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least eighteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #1526577109

Loan Size:

$212,900

Jobs Retained:

18

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

Burke & Herbert Bank & Trust Company

Mark J Schefkind MD, PC in Alexandria, VA received a Paycheck Protection Loan of $212,900 through Burke & Herbert Bank & Trust Company, 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 January, 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 More
Understanding 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 More

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, Mark J Schefkind MD, PC's 2019 payroll expenses are estimated to be at least $1.02M.

Based on their reported 18 jobs retained, this equals an estimated average yearly compensation of $56,773 per employee1

Reported PPP Proceed Usage:

On the PPP application, Mark J Schefkind MD, PC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $212,900

Business Information - Mark J Schefkind MD, PC in Alexandria, VA

Mark J Schefkind MD, PC
8101 Hinson Farm Rd
Alexandria, VA 22306

Business Industry:
Offices of Optometrists
NAICS code 621320

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fairfax County, VA — SBA Office 0353 — Congressional District: VA-08

Similar Companies near Alexandria

In the Alexandria area, 3 businesses in the "Offices of Optometrists" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 18) and received an average PPP loan of $116,584 (compared to this company's $212,900).

Industry PPP Comparison Statistics

Nationwide, 27,238 businesses in the "Offices of Optometrists" industry received a total of $1.98B 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 8 employees, 56% lower than Mark J Schefkind MD, PC's reported 18 employees, and received an average PPP loan of $72,711, 66% lower than this company's loan of $212,900.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/mark-j-schefkind-md-pc-alexandria-va