PPP Loan Data — Misty Rea, Tupelo, MS
Entity: Independent Contractor
Location: Tupelo, MSTweet This • Search All PPP Data
Misty Rea is an independent contractor located in Tupelo, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Misty Rea in Tupelo, MS received a Paycheck Protection Loan of $25,100 through BankPlus, 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 May, 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 1 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 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Misty Rea reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,955
- Health Care: $4,145
Business Information - Misty Rea in Tupelo, MS
* Full address is redacted to protect the privacy of individuals.
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: Rural
Similar Companies near Tupelo
In the Tupelo area, 61 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 1) and received an average PPP loan of $165,402 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Dermatology Center Of North Mississippi
Urology Professional Association
Imaging Centers For Excellence, LLC
TAG Billing Services LLC
Nels W. Thorderson, MD., PLLC
North Mississippi Oral And Maxillofacial Surgery PA
Parkgate Health Services, Inc
Tyler G. Marks
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, 1000% higher than Misty Rea's reported 1 employees, and received an average PPP loan of $119,087, 374% higher than this company's loan of $25,100.
FederalPay's PPP Information Policy
Footnotes & Information
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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