PPP Loan Data — Remote Medicine Inc, Seattle, WA
Remote Medicine Inc
Location: Seattle, WATweet This • Search All PPP Data
Remote Medicine Inc is a corporation located at 4529 23rd Ave West in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $2,008,600.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 122 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Washington Trust Bank
Remote Medicine Inc in Seattle, WA received a Paycheck Protection Loan of $2.01M through Washington Trust Bank, which was approved in April, 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, Remote Medicine Inc's 2019 payroll expenses are estimated to be at least $9.64M.
Based on their reported 122 jobs retained, this equals an estimated average yearly compensation of $79,027 per employee1
Reported PPP Proceed Usage:
On the PPP application, Remote Medicine Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,008,600
Business Information - Remote Medicine Inc in Seattle, WA
4529 23rd Ave West
Seattle, WA 98199
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 18,626 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 90% lower than Remote Medicine Inc's reported 122 employees, and received an average PPP loan of $88,620, 96% lower than this company's loan of $2.01M.
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Footnotes & Information
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