PPP Loan Data — Poonam Manasa, MD., PA, Austin, TX
Poonam Manasa, MD., PA
Entity: Subchapter S Corporation
Location: Austin, TXTweet This • Search All PPP Data
Poonam Manasa, MD., PA is a subchapter s corporation located at 6913 Estana Lane in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $46,875.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Celtic Bank Corporation
Poonam Manasa, MD., PA in Austin, TX received a Paycheck Protection Loan of $46,875 through Celtic Bank Corporation, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Poonam Manasa, MD., PA's 2019 payroll expenses are estimated to be at least $225,000 (not accounting for salary amounts > $100k).
Because the 1 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Poonam Manasa, MD., PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,875
Business Information - Poonam Manasa, MD., PA in Austin, TX
6913 Estana Lane
Austin, TX 78739
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 Austin
In the Austin area, 36 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $59,626 (compared to this company's $46,875).
Similar Nearby Businesses Who Received PPP Funding:
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Andrew Cassidy, PA
Pramod Sharma MD PA
Austin Cosmetic Surgery, PLLC
Dean E. Schanen MD
Bee Cave, TX
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, 1000% higher than Poonam Manasa, MD., PA's reported 1 employees, and received an average PPP loan of $119,087, 154% higher than this company's loan of $46,875.
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