PPP Loan Data — Optimal Performance Medicine, LLC, Woodstock, GA
Optimal Performance Medicine, LLC
Entity: Limited Liability Company (LLC)
Location: Woodstock, GATweet This • Search All PPP Data
Optimal Performance Medicine, LLC is a limited liability company (LLC) located at 120 Stonebridge Pkwy Ste 430 in Woodstock, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,105.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Optimal Performance Medicine, LLC in Woodstock, GA received a Paycheck Protection Loan of $25,105 through Bank of America, National Association, which was approved in May, 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 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, Optimal Performance Medicine, LLC's 2019 payroll expenses are estimated to be at least $120,504.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,168 per employee1
Reported PPP Proceed Usage:
On the PPP application, Optimal Performance Medicine, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,105
Business Information - Optimal Performance Medicine, LLC in Woodstock, GA
120 Stonebridge Pkwy Ste 430
Woodstock, GA 30189
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: N
Rural / Urban: Urban
Similar Companies near Woodstock
In the Woodstock area, 51 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 3) and received an average PPP loan of $102,404 (compared to this company's $25,105).
Similar Nearby Businesses Who Received PPP Funding:
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Elizabeth George, MD., P. C
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Michael F Pratt MD PC
Citadel Anesthesiology, LLC
Graham Pediatrics Of Woodstock LLC
Bridgemill Neurological Associates, PC
Provincial MD PC
M Vathada MD LLC
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, 267% higher than Optimal Performance Medicine, LLC's reported 3 employees, and received an average PPP loan of $119,087, 374% higher than this company's loan of $25,105.
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