PPP Loan Data — Michele P. Verga MD, Facs, PC, New York, NY
Michele P. Verga MD, Facs, PC is a subchapter s corporation located at 1010 Fifth Avenue 1w in New York, New York that received a Coronavirus-related PPP loan from the SBA of $46,400.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Michele P. Verga MD, Facs, PC in New York, NY received a Paycheck Protection Loan of $46,400 through Citibank, N.A., which was approved in May, 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, Michele P. Verga MD, Facs, PC's 2019 payroll expenses are estimated to be at least $222,720.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Michele P. Verga MD, Facs, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,400
Business Information - Michele P. Verga MD, Facs, PC in New York, NY
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Michele P. Verga MD, Facs, PC's reported 3 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $46,400.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!