PPP Loan Data — Patient 1St Health & Wellness Associates, LLC, Thomasville, GA
Patient 1St Health & Wellness Associates, LLC
Location: Thomasville, GATweet This • Search All PPP Data
Patient 1St Health & Wellness Associates, LLC is a corporation located at 504 Gordon Ave. in Thomasville, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a Black or african american female owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Thomasville National Bank
Patient 1St Health & Wellness Associates, LLC in Thomasville, GA received a Paycheck Protection Loan of $25,000 through Thomasville National Bank, 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, Patient 1St Health & Wellness Associates, LLC'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, Patient 1St Health & Wellness Associates, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,000
- Utilities: $1,250
- Mortgage Interest: $3,750
Business Information - Patient 1St Health & Wellness Associates, LLC in Thomasville, GA
504 Gordon Ave.
Thomasville, GA 31792
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Thomasville
In the Thomasville area, 57 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 5) and received an average PPP loan of $167,037 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
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Gregory L. Roesel
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ENT Associates Of South West Georgia, LLC
David A. Miller, MD (P) LLC
Cardiovascular Consultants Of South GA, LLC
Thomasville Orthopedic Center PC
PG Medicine, Inc
Shaw Center For Women's Health, PC
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 Patient 1St Health & Wellness Associates, LLC'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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