PPP Loan Data — Ramey Family Practice, PLLC, Elkhorn City, KY
Ramey Family Practice, PLLC
Entity: Limited Liability Company (LLC)
Location: Elkhorn City, KYTweet This • Search All PPP Data
Ramey Family Practice, PLLC is a limited liability company (LLC) located at 10363 Regina Belcher Hwy in Elkhorn City, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Community Trust Bank, Inc.
Ramey Family Practice, PLLC in Elkhorn City, KY received a Paycheck Protection Loan of $25,100 through Community Trust Bank, Inc., 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, Ramey Family Practice, PLLC's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ramey Family Practice, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Ramey Family Practice, PLLC in Elkhorn City, KY
10363 Regina Belcher Hwy
Elkhorn City, KY 41522
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Elkhorn City
In the Elkhorn City area, 3 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $17,833 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Kermit Gibson DO
Elkhorn City, KY
Specialty Physician Assistant LLC
Elkhorn City, KY
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 Ramey Family Practice, PLLC's reported 3 employees, and received an average PPP loan of $119,087, 374% higher than this company's loan of $25,100.
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Footnotes & Information
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