PPP Loan Data — New Mexico Oncology Hematology Consultants, LTD, Albuquerque, NM
New Mexico Oncology Hematology Consultants, LTD
Entity: Subchapter S Corporation
Location: Albuquerque, NMTweet This • Search All PPP Data
New Mexico Oncology Hematology Consultants, LTD is a subchapter s corporation located at 4901 Lang Ave Ne in Albuquerque, New Mexico that received a Coronavirus-related PPP loan from the SBA of $2,168,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First-Citizens Bank & Trust Company
New Mexico Oncology Hematology Consultants, LTD in Albuquerque, NM received a Paycheck Protection Loan of $2.17M through First-Citizens Bank & Trust Company, which was approved in April, 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, New Mexico Oncology Hematology Consultants, LTD's 2019 payroll expenses are estimated to be at least $10.41M.
Based on their reported 167 jobs retained, this equals an estimated average yearly compensation of $62,322 per employee1
Reported PPP Proceed Usage:
On the PPP application, New Mexico Oncology Hematology Consultants, LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,168,300
Business Information - New Mexico Oncology Hematology Consultants, LTD in Albuquerque, NM
4901 Lang Ave Ne
Albuquerque, NM 87109
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Albuquerque
In the Albuquerque area, 72 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 167) and received an average PPP loan of $156,467 (compared to this company's $2.17M).
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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, 93% lower than New Mexico Oncology Hematology Consultants, LTD's reported 167 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.17M.
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Footnotes & Information
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