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PPP Loan Data — Robert Farron,
Far Rockaway, NY
Robert Farron
Entity: Sole Proprietorship
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Far Rockaway, NY
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Robert Farron is a sole proprietorship located at 2240 Mott Ave in Far Rockaway, New York that received a Coronavirus-related PPP loan from the SBA of $84,602.00 in March, 2021.
$
PPP Loan Information
Loan #2575668610
Loan Size:
Jobs Retained:
9Loan Approved:
2021-03-15Loan Status:
Ongoing LoanLender:
Square Capital, LLCRobert Farron in Far Rockaway, NY received a Paycheck Protection Loan of $84,602 through Square Capital, LLC, which was approved in March, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Robert Farron's 2019 payroll expenses are estimated to be at least $406,090.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $45,121 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robert Farron reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $84,602
Business Information - Robert Farron in Far Rockaway, NY
2240 Mott Ave
Far Rockaway, NY 11691
Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Far Rockaway
In the Far Rockaway area, 30 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 9) and received an average PPP loan of $266,319 (compared to this company's $84,602).
Similar Nearby Businesses Who Received PPP Funding:
Irwin Samet DDS
Queens, NY
Shah Physicians LLC
Arverne, NY
Multiviz Health Management Corp
Far Rockaway, NY
Joseph P Addabbo Family Health Center Inc, The
Arverne, NY
Chricini Walker
Arverne, NY
Tiffany Harris
Far Rockaway, NY
Rachel Bernstein
Far Rockaway, NY
Yonah Hamlet
Far Rockaway, NY
Abul Azad
Far Rockaway, NY
Industry PPP Comparison Statistics
Nationwide, 166,222 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20.52B 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, 22% higher than Robert Farron's reported 9 employees, and received an average PPP loan of $123,474, 46% higher than this company's loan of $84,602.
Robert Farron
Entity: Sole Proprietorship
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Far Rockaway, NY
Tweet This
•
Search All PPP Data
Robert Farron is a sole proprietorship located at 2240 Mott Ave in Far Rockaway, New York that received a Coronavirus-related PPP loan from the SBA of $84,602.00 in June, 2020.
$
PPP Loan Information
Loan #5793137904
Loan Size:
Jobs Retained:
7Loan Approved:
2020-06-15Loan Status:
Ongoing LoanLender:
Square Capital, LLCRobert Farron in Far Rockaway, NY received a Paycheck Protection Loan of $84,602 through Square Capital, LLC, which was approved in June, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Robert Farron's 2019 payroll expenses are estimated to be at least $406,090.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $58,013 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robert Farron reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $63,451
- Utilities: $10,575
- Mortgage Interest: $10,575
Business Information - Robert Farron in Far Rockaway, NY
2240 Mott Ave
Far Rockaway, NY 11691
Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Far Rockaway
In the Far Rockaway area, 30 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 7) and received an average PPP loan of $266,319 (compared to this company's $84,602).
Similar Nearby Businesses Who Received PPP Funding:
Irwin Samet DDS
Queens, NY
Shah Physicians LLC
Arverne, NY
Multiviz Health Management Corp
Far Rockaway, NY
Joseph P Addabbo Family Health Center Inc, The
Arverne, NY
Chricini Walker
Arverne, NY
Tiffany Harris
Far Rockaway, NY
Rachel Bernstein
Far Rockaway, NY
Yonah Hamlet
Far Rockaway, NY
Abul Azad
Far Rockaway, NY
Industry PPP Comparison Statistics
Nationwide, 166,222 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20.52B 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, 57% higher than Robert Farron's reported 7 employees, and received an average PPP loan of $123,474, 46% higher than this company's loan of $84,602.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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