PPP Loan Data — RX Universal LLC, Norcross, GA
RX Universal LLC
Entity: Limited Liability Company (LLC)
Location: Norcross, GATweet This • Search All PPP Data
RX Universal LLC is a limited liability company (LLC) located at 5555 Oakbrook Pkwy Ste 100 Ste 110 in Norcross, Georgia that received a Coronavirus-related PPP loan from the SBA of $24,870.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
RX Universal LLC in Norcross, GA received a Paycheck Protection Loan of $24,870 through JPMorgan Chase Bank, National Association, 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 May, 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, RX Universal LLC's 2019 payroll expenses are estimated to be at least $119,376.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,844 per employee1
Reported PPP Proceed Usage:
On the PPP application, RX Universal LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,000
- Utilities: $870
- Rent: $5,000
Business Information - RX Universal LLC in Norcross, GA
5555 Oakbrook Pkwy Ste 100 Ste 110
Norcross, GA 30093
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Norcross
In the Norcross area, 11 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 4) and received an average PPP loan of $65,121 (compared to this company's $24,870).
Similar Nearby Businesses Who Received PPP Funding:
Injury & Wellness Specialists Of Georgia, LLC
Peachtree Corners, GA
Suburban Medical Center LLC
Peachtree Corners, GA
Dental Management Associates, LLC
The Walk In Clinic
Kbsolutions And Behavioral Support Services
1ST Choice Injury And Rehab Clinic LLC
Elite Personalized Medcine
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, 200% higher than RX Universal LLC's reported 4 employees, and received an average PPP loan of $88,620, 256% higher than this company's loan of $24,870.
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