PPP Loan Data — Pediatric Associates, Inc., P.s, Bellevue, WA
Pediatric Associates, Inc., P.s
Entity: Professional Association
Location: Bellevue, WATweet This • Search All PPP Data
Pediatric Associates, Inc., P.s is a professional association located at 2475 140th Ave Ne in Bellevue, Washington that received a Coronavirus-related PPP loan from the SBA of $5,849,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Pediatric Associates, Inc., P.s in Bellevue, WA received a Paycheck Protection Loan of $5.85M through HomeStreet 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, Pediatric Associates, Inc., P.s' 2019 payroll expenses are estimated to be at least $28.08M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $56,151 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pediatric Associates, Inc., P.s reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,849,100
Business Information - Pediatric Associates, Inc., P.s in Bellevue, WA
2475 140th Ave Ne
Bellevue, WA 98005
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bellevue
In the Bellevue area, 142 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 500) and received an average PPP loan of $223,478 (compared to this company's $5.85M).
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Puget Sound Physicians, PLLC
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Bellevue Medical Imaging PLLC
Overlake Reproductive Health Inc. P.s
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, 98% lower than Pediatric Associates, Inc., P.s' reported 500 employees, and received an average PPP loan of $119,087, 98% lower than this company's loan of $5.85M.
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Footnotes & Information
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