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PPP Loan Data — Physician Capital Solutions,
Marlton, NJ
Physician Capital Solutions
Entity: Partnership
Industry: Other Accounting Services
Location: Marlton, NJ
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Physician Capital Solutions is a partnership located at 925 Route 73 N Ste G in Marlton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $36,512.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least eight people during the applicable loan loan period.
$
PPP Loan Information
Loan #8495228310
Loan Size:
Jobs Retained:
8Loan Approved:
2021-01-29Loan Status:
Ongoing LoanLender:
PNC Bank, National AssociationPhysician Capital Solutions in Marlton, NJ received a Paycheck Protection Loan of $36,512 through PNC Bank, National Association, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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.
Read MoreUnderstanding 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.
Read MoreBased 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, Physician Capital Solutions' 2019 payroll expenses are estimated to be at least $175,258.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $21,907 per employee1
Reported PPP Proceed Usage:
On the PPP application, Physician Capital Solutions reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,512
Business Information - Physician Capital Solutions in Marlton, NJ
925 Route 73 N Ste G
Marlton, NJ 8053
Business Industry:
Other Accounting Services
NAICS code 541219
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Marlton
In the Marlton area, 24 businesses in the "Other Accounting Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 8) and received an average PPP loan of $26,228 (compared to this company's $36,512).
Similar Nearby Businesses Who Received PPP Funding:
Kristine Costello
Mount Laurel, NJ
Arthur H Felderstein
Mount Laurel, NJ
Jolly And Associates LLC
Mount Laurel, NJ
Thomas J Byrne CPA LLC
Marlton, NJ
J.l. Weiner And Associates LLC
Marlton, NJ
Bechtel CPA LLC
Mt Laurel, NJ
Symmetrix Business Services LLC
Mount Laurel, NJ
LBM Bookkeeping Services
Marlton, NJ
Industry PPP Comparison Statistics
Nationwide, 54,004 businesses in the "Other Accounting Services" industry received a total of $1.89B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, 50% lower than Physician Capital Solutions' reported 8 employees, and received an average PPP loan of $35,059, 4% lower than this company's loan of $36,512.
Physician Capital Solutions
Entity: Partnership
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Marlton, NJ
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Physician Capital Solutions is a partnership located at 925 Route 73 N in Marlton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $45,500.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least eight people during the applicable loan loan period.
$
PPP Loan Information
Loan #7577337703
Loan Size:
Jobs Retained:
8Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
PNC Bank, National AssociationPhysician Capital Solutions in Marlton, NJ received a Paycheck Protection Loan of $45,500 through PNC Bank, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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.
Read MoreUnderstanding 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.
Read MoreBased 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, Physician Capital Solutions' 2019 payroll expenses are estimated to be at least $218,400.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,300 per employee1
Reported PPP Proceed Usage:
On the PPP application, Physician Capital Solutions reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,500
Business Information - Physician Capital Solutions in Marlton, NJ
925 Route 73 N
Marlton, NJ 8053
Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Marlton
In the Marlton area, 99 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 8) and received an average PPP loan of $258,952 (compared to this company's $45,500).
Similar Nearby Businesses Who Received PPP Funding:
Mary Ann Sciamanna
Marlton, NJ
Burlington County Orthopaedic Specialists, PA
Mt Laurel, NJ
Advanced Medical Care Center
Marlton, NJ
Debra Malley, MD, LLC
Marlton, NJ
Harry Grossman MD PA
Marlton, NJ
Stuart White
Marlton, NJ
South Jersy Skin Care & Laser Center PC
Mount Laurel, NJ
RA Pain Services, PA
Mount Laurel, NJ
Sjvi LLC
Mount Laurel, NJ
Industry PPP Comparison Statistics
Nationwide, 166,222 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20.52B 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, 38% higher than Physician Capital Solutions' reported 8 employees, and received an average PPP loan of $123,474, 171% higher than this company's loan of $45,500.
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. 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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