PPP Loan Data — Robert S Sterling, MD, PC, Tulsa, OK
Robert S Sterling, MD, PC
Entity: Subchapter S Corporation
Location: Tulsa, OKTweet This • Search All PPP Data
Robert S Sterling, MD, PC is a subchapter s corporation located at 10011 S Yale Ave Ste 100 in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Robert S Sterling, MD, PC in Tulsa, OK received a Paycheck Protection Loan of $25,300 through Arvest 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, Robert S Sterling, MD, PC's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robert S Sterling, MD, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Robert S Sterling, MD, PC in Tulsa, OK
10011 S Yale Ave Ste 100
Tulsa, OK 74137
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tulsa
In the Tulsa area, 136 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 2) and received an average PPP loan of $148,593 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Paul R. Callegari, MD., PC
Heart Rhythm Institute Of Oklahoma Strategic Support LLC
Cardiovascular Surgical Specialists Corp
Dermatology And Laser Center Of Oklahoma
IR By Thomas White MD PLLC
Richard N. Marple, MD., PLLC
Cosmetic Center Of Tulsa LLC
South Tulsa Plastic Surgery
Heather B Summers MD PC
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, 450% higher than Robert S Sterling, MD, PC's reported 2 employees, and received an average PPP loan of $119,087, 371% higher than this company's loan of $25,300.
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Footnotes & Information
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