PPP Loan Data — Pediatric Associates Of Plymouth, Plymouth Meeting, PA

Pediatric Associates Of Plymouth

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Plymouth Meeting, PA

Pediatric Associates Of Plymouth is a corporation located at 3031 Walton Road Suite C101 in Plymouth Meeting, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $458,407.00 in April, 2020.

$ PPP Loan Information
Loan #2941517104

Loan Size:

$458,407

Jobs Retained:

Loan Approved:

2020-04-11

Loan Status:

Paid in Full or Forgiven

Lender:

TD Bank, National Association

Pediatric Associates Of Plymouth in Plymouth Meeting, PA received a Paycheck Protection Loan of $458,407 through TD Bank, National Association, which was approved in April, 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 August, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

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 Of Plymouth's 2019 payroll expenses are estimated to be at least $2.2M.

Based on their reported 30 jobs retained, this equals an estimated average yearly compensation of $73,345 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Pediatric Associates Of Plymouth reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $458,407

Business Information - Pediatric Associates Of Plymouth in Plymouth Meeting, PA

Pediatric Associates Of Plymouth
3031 Walton Road Suite C101
Plymouth Meeting, PA 19462

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Montgomery County, PA — SBA Office 0303 — Congressional District: PA-04

Similar Companies near Plymouth Meeting

In the Plymouth Meeting area, 17 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 30) and received an average PPP loan of $685,441 (compared to this company's $458,407).

Similar Nearby Businesses Who Received PPP Funding:

Sacks & Striar PC
Plymouth Meeting, PA

$32,646 PPP Loan

Cenegenics Philadelphia Physicians Inc
Plymouth Meeting, PA

$20,833 PPP Loan

Montgomery Gynecology
Plymouth Meeting, PA

$32,055 PPP Loan

Eye Plastic Surgery PC
Plymouth Meeting, PA

$122,100 PPP Loan

Nissman Eye Associates LLC
Plymouth Meeting, PA

$35,952 PPP Loan

Abington Aesthetic & Laser Medical Center LLC
Plymouth Meeting, PA

$53,120 PPP Loan

Retinovitreous Associates LTD
Plymouth Meeting, PA

$3.44M PPP Loan

Norristown Dermatology Associates PC
Plymouth Meeting, PA

$157,347 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 176,426 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B 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, 63% lower than Pediatric Associates Of Plymouth's reported 30 employees, and received an average PPP loan of $119,310, 74% lower than this company's loan of $458,407.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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