PPP Loan Data — Meditology Servicees, LLC, Atlanta, GA
Meditology Servicees, LLC
Entity: Limited Liability Company (LLC)
Location: Atlanta, GATweet This • Search All PPP Data
Meditology Servicees, LLC is a limited liability company (LLC) located at 5256 Peachtree Rd #190 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,746,600.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First-Citizens Bank & Trust Company
Meditology Servicees, LLC in Atlanta, GA received a Paycheck Protection Loan of $1.75M through First-Citizens 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 April, 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, Meditology Servicees, LLC's 2019 payroll expenses are estimated to be at least $8.38M.
Based on their reported 120 jobs retained, this equals an estimated average yearly compensation of $69,864 per employee1
Reported PPP Proceed Usage:
On the PPP application, Meditology Servicees, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,746,600
Business Information - Meditology Servicees, LLC in Atlanta, GA
5256 Peachtree Rd #190
Atlanta, GA 30341
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 104 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 120) and received an average PPP loan of $62,923 (compared to this company's $1.75M).
Similar Nearby Businesses Who Received PPP Funding:
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Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 96% lower than Meditology Servicees, LLC's reported 120 employees, and received an average PPP loan of $57,091, 97% lower than this company's loan of $1.75M.
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Footnotes & Information
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