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PPP Loan Data — Medical Vein Clinic PA,
San Antonio, TX
Medical Vein Clinic PA
Entity: Sole Proprietorship
Industry: Offices of Physicians (except Mental Health Specialists)
Location: San Antonio, TX
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Medical Vein Clinic PA is a sole proprietorship located at 622 Isom Rd in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $41,667.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
$
PPP Loan Information
Loan #1506738304
Loan Size:
Jobs Retained:
2Loan Approved:
2021-01-17Loan Status:
Paid in Full or ForgivenLender:
Austin County State BankMedical Vein Clinic PA in San Antonio, TX received a Paycheck Protection Loan of $41,667 through Austin County State Bank, 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 August, 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 MoreUnderstanding 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 MoreBased 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, Medical Vein Clinic PA's 2019 payroll expenses are estimated to be at least $200,002 (not accounting for salary amounts > $100k).
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $100,001 (not accounting for salary amounts > $100k) per employee1
Reported PPP Proceed Usage:
On the PPP application, Medical Vein Clinic PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $41,667
Business Information - Medical Vein Clinic PA in San Antonio, TX
622 Isom Rd
San Antonio, TX 78216
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: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Medical Vein Clinic PA.
Medvein Managment LLC
Offices of Physicians (except Mental Health Specialists)
Similar Companies near San Antonio
In the San Antonio area, 102 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 $211,858 (compared to this company's $41,667).
Similar Nearby Businesses Who Received PPP Funding:
Jayasree Rao, MD PA
San Antonio, TX
Darryl D Cuda MD PA
San Antonio, TX
Rheumatology Solutions, PLLC
San Antonio, TX
San Antonio Healthcare LLC
San Antonio, TX
Women's Comprehensive Clinic For Internal Medicine PLLC
San Antonio, TX
Bear Pediatric, PLLC
San Antonio, TX
Shankar C Sanka MD PA
San Antonio, TX
Kevin P. Comfort MD
San Antonio, TX
James D Ogden DPM & Teresa Barrios
San Antonio, TX
Industry PPP Comparison Statistics
Nationwide, 176,426 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, 450% higher than Medical Vein Clinic PA's reported 2 employees, and received an average PPP loan of $119,310, 186% higher than this company's loan of $41,667.
Medical Vein Clinic PA
Entity: Sole Proprietorship
Industry: Offices of Physicians (except Mental Health Specialists)
Location: San Antonio, TX
Tweet This
•
Search All PPP Data
Medical Vein Clinic PA is a sole proprietorship located at 622 Isom Rd in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $41,750.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
$
PPP Loan Information
Loan #6977917204
Loan Size:
Jobs Retained:
2Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
Austin County State BankMedical Vein Clinic PA in San Antonio, TX received a Paycheck Protection Loan of $41,750 through Austin County State 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 January, 2021.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 2 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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 MoreUnderstanding 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 MoreBased 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, Medical Vein Clinic PA's 2019 payroll expenses are estimated to be at least $200,400 (not accounting for salary amounts > $100k).
Because the 2 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Medical Vein Clinic PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $41,750
Business Information - Medical Vein Clinic PA in San Antonio, TX
622 Isom Rd
San Antonio, TX 78216
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: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Medical Vein Clinic PA.
Medvein Managment LLC
Offices of Physicians (except Mental Health Specialists)
Similar Companies near San Antonio
In the San Antonio area, 102 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 $211,858 (compared to this company's $41,750).
Similar Nearby Businesses Who Received PPP Funding:
Jayasree Rao, MD PA
San Antonio, TX
Darryl D Cuda MD PA
San Antonio, TX
Rheumatology Solutions, PLLC
San Antonio, TX
San Antonio Healthcare LLC
San Antonio, TX
Women's Comprehensive Clinic For Internal Medicine PLLC
San Antonio, TX
Bear Pediatric, PLLC
San Antonio, TX
Shankar C Sanka MD PA
San Antonio, TX
Kevin P. Comfort MD
San Antonio, TX
James D Ogden DPM & Teresa Barrios
San Antonio, TX
Industry PPP Comparison Statistics
Nationwide, 176,426 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, 450% higher than Medical Vein Clinic PA's reported 2 employees, and received an average PPP loan of $119,310, 186% higher than this company's loan of $41,750.
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.
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.
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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