PPP Loan Data — Optimal Wellness Holistic Center, Raleigh, NC
Optimal Wellness Holistic Center
Entity: Limited Liability Company (LLC)
Location: Raleigh, NCTweet This • Search All PPP Data
Optimal Wellness Holistic Center is a limited liability company (LLC) located at 2805 Greenock Drive in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $5,980.00 in May, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:WELLS FARGO BANK, NATIONAL ASSOCIATION
Optimal Wellness Holistic Center received a Paycheck Protection Loan of $5,980 through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Optimal Wellness Holistic Center's total 2019 payroll expenses were approximately $28,704 in order to qualify for the PPP loan amount received.
Unlike most businesses, Optimal Wellness Holistic Center's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Optimal Wellness Holistic Center in Raleigh, NC
2805 Greenock Drive
Raleigh, NC 27604
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-04
Similar Companies near Raleigh
In the Raleigh area, 18 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 0) and received an average PPP loan of $235,752 (compared to this company's $5,980).
Similar Nearby Businesses Who Received PPP Funding:
Lynns Care Village Association Inc
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Carolina Eye Associates PA
David M Stella OD PA
Lutz & Alexander Nutrition Therapy, LLC
The Natural Medicine Center, Inc
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 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 10 employees, and received an average PPP loan of $138,136, 2210% higher than this company's loan of $5,980.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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