PPP Loan Data — Northlake Pediatric Care, Statesville, NC
Northlake Pediatric Care
Location: Statesville, NCTweet This • Search All PPP Data
Northlake Pediatric Care is a corporation located at 2117 Simonton Rd Ste 402 in Statesville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
The company has reported itself as an American indian or alaska native male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Northlake Pediatric Care in Statesville, NC received a Paycheck Protection Loan of $25,000 through Regions Bank, which was approved in January, 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, Northlake Pediatric Care's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Northlake Pediatric Care reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,998
- Utilities: $1
Business Information - Northlake Pediatric Care in Statesville, NC
2117 Simonton Rd Ste 402
Statesville, NC 28625
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Race: American Indian or Alaska Native
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Statesville
In the Statesville area, 17 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 5) and received an average PPP loan of $104,205 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Greenbriar Primary Care PA
Bobby P. Kearney, MD Pain Management, PLLC
Center For Infectious Diseases, Inc
Natural Beginnings Birth & Wellness Center, PLLC
Douglas Dussel Pritchard MD PLLC
Carolina Specialty Care PA
Institutional Medical Services PLLC
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 Northlake Pediatric Care's reported 5 employees, and received an average PPP loan of $119,087, 376% higher than this company's loan of $25,000.
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