PPP Loan Data — Martin Mango, MD, Buffalo, NY
Martin Mango, MD
Entity: Sole Proprietorship
Location: Buffalo, NYTweet This • Search All PPP Data
Martin Mango, MD is a sole proprietorship located at 6333 Main St in Buffalo, New York that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Martin Mango, MD in Buffalo, NY received a Paycheck Protection Loan of $25,200 through KeyBank National Association, 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, Martin Mango, MD's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Martin Mango, MD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Martin Mango, MD in Buffalo, NY
6333 Main St
Buffalo, NY 14221
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Buffalo
In the Buffalo area, 149 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 2) and received an average PPP loan of $284,055 (compared to this company's $25,200).
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Occustar Workplace Compliance
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, 450% higher than Martin Mango, MD's reported 2 employees, and received an average PPP loan of $119,087, 373% higher than this company's loan of $25,200.
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Footnotes & Information
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