PPP Loan Data — Mid-County Center, Wilmington, DE
Entity: Sole Proprietorship
Location: Wilmington, DETweet This • Search All PPP Data
Mid-County Center is a sole proprietorship located at 1st Regiment Road in Wilmington, Delaware that received a Coronavirus-related PPP loan from the SBA of $46,800.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Mid-County Center in Wilmington, DE received a Paycheck Protection Loan of $46,800 through Customers 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 March, 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, Mid-County Center's 2019 payroll expenses are estimated to be at least $224,640.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $28,080 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mid-County Center reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,800
Business Information - Mid-County Center in Wilmington, DE
1st Regiment Road
Wilmington, DE 19808
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Wilmington
In the Wilmington area, 26 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 8) and received an average PPP loan of $33,727 (compared to this company's $46,800).
Similar Nearby Businesses Who Received PPP Funding:
The Back Clinic Inc
Nephrology Consultants, PA
National Well Being DBA Chrysalis Natural Medicin
Central Jersey Spine Associates
Abel Center For Oculofacial Plastic Surgery
Industry PPP Comparison Statistics
Nationwide, 64,105 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.47B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 5 employees, 38% lower than Mid-County Center's reported 8 employees, and received an average PPP loan of $38,577, 18% lower than this company's loan of $46,800.
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Footnotes & Information
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