PPP Loan Data — Pravin J Kansagra MD Inc, Anaheim, CA
Pravin J Kansagra MD Inc
Location: Anaheim, CATweet This • Search All PPP Data
Pravin J Kansagra MD Inc is a corporation located at 1092 Taylor Ct in Anaheim, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MUFG Union Bank, National Association
Pravin J Kansagra MD Inc in Anaheim, CA received a Paycheck Protection Loan of $25,000 through MUFG Union Bank, National Association, which was approved in May, 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, Pravin J Kansagra MD Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pravin J Kansagra MD Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Pravin J Kansagra MD Inc in Anaheim, CA
1092 Taylor Ct
Anaheim, CA 92808
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 Anaheim
In the Anaheim area, 62 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 3) and received an average PPP loan of $60,204 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
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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 Pravin J Kansagra MD Inc's reported 3 employees, and received an average PPP loan of $119,087, 376% higher than this company's loan of $25,000.
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