PPP Loan Data — Moufid Nemeh MD, Northridge, CA
Moufid Nemeh MD
Location: Northridge, CATweet This • Search All PPP Data
Moufid Nemeh MD is a corporation located at 18250 Roscoe Blvd Suite 235 in Northridge, California that received a Coronavirus-related PPP loan from the SBA of $46,504.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Moufid Nemeh MD in Northridge, CA received a Paycheck Protection Loan of $46,504 through Wells Fargo Bank, National Association, which was approved in June, 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 June, 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, Moufid Nemeh MD's 2019 payroll expenses are estimated to be at least $223,219.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,644 per employee1
Reported PPP Proceed Usage:
On the PPP application, Moufid Nemeh MD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,504
Business Information - Moufid Nemeh MD in Northridge, CA
18250 Roscoe Blvd Suite 235
Northridge, CA 91325
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: Urban
Similar Companies near Northridge
In the Northridge area, 121 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $58,736 (compared to this company's $46,504).
Similar Nearby Businesses Who Received PPP Funding:
Northridge Vascular Center
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Family Medicine Associates Of Northridge A Medical Group Inc
D-Infinity Health & Beauty Essence Inc
Arun P Gandhi M D Inc
Mysore Nagaraja, MD., Inc
Maryam Seddigh Tonekaboni MD Inc
Atma Msim Inc
Los Angeles, CA
Alan Darush M D A Professional Corp
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, 120% higher than Moufid Nemeh MD's reported 5 employees, and received an average PPP loan of $119,087, 156% higher than this company's loan of $46,504.
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