PPP Loan Data — Nine Continents Medical, Livermore, CA
Nine Continents Medical
Location: Livermore, CATweet This • Search All PPP Data
Nine Continents Medical is a corporation located at 302 Alden Lane in Livermore, California that received a Coronavirus-related PPP loan from the SBA of $45,817.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Small Business Bank
Nine Continents Medical in Livermore, CA received a Paycheck Protection Loan of $45,817 through Small Business 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 December, 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, Nine Continents Medical's 2019 payroll expenses are estimated to be at least $219,922.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,307 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nine Continents Medical reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,817
Business Information - Nine Continents Medical in Livermore, CA
302 Alden Lane
Livermore, CA 94550
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
NAICS code 423450
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Livermore
In the Livermore area, 8 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 3) and received an average PPP loan of $62,774 (compared to this company's $45,817).
Similar Nearby Businesses Who Received PPP Funding:
A&E Low Vision
Ares Medical Corp
Advanced Cooling Technologies, Inc
Allmed Systems Inc
Industry PPP Comparison Statistics
Nationwide, 14,443 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a total of $1.42B 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 9 employees, 200% higher than Nine Continents Medical's reported 3 employees, and received an average PPP loan of $98,382, 115% higher than this company's loan of $45,817.
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