PPP Loan Data — Riverside Podiatry PC, Tuscaloosa, AL
Riverside Podiatry PC is a subchapter s corporation located at 535 Jack Warner Pkwy Ste A1 in Tuscaloosa, Alabama that received a Coronavirus-related PPP loan from the SBA of $25,379.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Riverside Podiatry PC in Tuscaloosa, AL received a Paycheck Protection Loan of $25,379 through Synovus Bank, 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 April, 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, Riverside Podiatry PC's 2019 payroll expenses are estimated to be at least $121,819.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,910 per employee1
Reported PPP Proceed Usage:
On the PPP application, Riverside Podiatry PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,379
Business Information - Riverside Podiatry PC in Tuscaloosa, AL
535 Jack Warner Pkwy Ste A1
Tuscaloosa, AL 35404
Offices of Podiatrists
NAICS code 621391
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tuscaloosa
In the Tuscaloosa area, 2 businesses in the "Offices of Podiatrists" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $25,379 (compared to this company's $25,379).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 7,173 businesses in the "Offices of Podiatrists" industry received a total of $380.91M 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 6 employees, 200% higher than Riverside Podiatry PC's reported 2 employees, and received an average PPP loan of $53,103, 109% higher than this company's loan of $25,379.
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Footnotes & Information
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