PPP Loan Data — MD Florida Corp, Miami, FL
MD Florida Corp
Location: Miami, FLTweet This • Search All PPP Data
MD Florida Corp is a corporation located at 15182 Sw 23rd Way in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
MD Florida Corp in Miami, FL received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in May, 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 June, 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, MD Florida Corp's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, MD Florida Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,500
- Utilities: $2,000
- Rent: $3,000
- Health Care: $500
- Debt Interest: $1,000
Business Information - MD Florida Corp in Miami, FL
15182 Sw 23rd Way
Miami, FL 33185
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 Miami
In the Miami area, 117 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 2) and received an average PPP loan of $86,309 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Qday Anesthesia LLC
Primehealth Physicians LLC
Juvenal E Martinez M D , P A
Hershman Medical Center, PA
Oasis Medical Consultants LLC
South Kendall Dermatology Associates Inc
Dr Oscar L Hernandez 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, 450% higher than MD Florida Corp's reported 2 employees, and received an average PPP loan of $119,087, 376% higher than this company's loan of $25,000.
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