PPP Loan Data — Physicians Anesthesia Services, PA, Princeton, TX
Physicians Anesthesia Services, PA
Location: Princeton, TXTweet This • Search All PPP Data
Physicians Anesthesia Services, PA is a corporation located at 2524 Greenfield Acres in Princeton, Texas that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Physicians Anesthesia Services, PA in Princeton, TX received a Paycheck Protection Loan of $25,400 through Independent Bank, 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 May, 2021.
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, Physicians Anesthesia Services, PA's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, Physicians Anesthesia Services, PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Physicians Anesthesia Services, PA in Princeton, TX
2524 Greenfield Acres
Princeton, TX 75407
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
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, 267% higher than Physicians Anesthesia Services, PA's reported 3 employees, and received an average PPP loan of $119,087, 369% higher than this company's loan of $25,400.
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Footnotes & Information
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