PPP Loan Data — Rachele M Williams M D P A, Houston, TX
Rachele M Williams M D P A
Location: Houston, TXTweet This • Search All PPP Data
Rachele M Williams M D P A is a corporation located at 1302 Waugh Dr # 957 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $25,393.00 in May, 2020.
The company has reported itself as a Black or african american 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
Lender:JPMorgan Chase Bank, National Association
Rachele M Williams M D P A in Houston, TX received a Paycheck Protection Loan of $25,393 through JPMorgan Chase Bank, National Association, which was approved in May, 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, Rachele M Williams M D P A's 2019 payroll expenses are estimated to be at least $121,886.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,629 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rachele M Williams M D P A reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,087
- Utilities: $697
- Rent: $2,000
- Health Care: $1,609
Business Information - Rachele M Williams M D P A in Houston, TX
1302 Waugh Dr # 957
Houston, TX 77019
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 85 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 3) and received an average PPP loan of $76,838 (compared to this company's $25,393).
Similar Nearby Businesses Who Received PPP Funding:
G.i. Specialists Of Houston LLP
West Gray Center For Special Surgery LLC
Mina Tran MD PLLC
Ryan Medical Services PA
H.d. Patel, MD., PA
Medical Evaluators Of Texas Aso, LLC
Artavi Med Spa LLC
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 Rachele M Williams M D P A's reported 3 employees, and received an average PPP loan of $119,087, 369% higher than this company's loan of $25,393.
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