PPP Loan Data — Scott H Lancaster MD PA, Midland, TX
Scott H Lancaster MD PA
Location: Midland, TXTweet This • Search All PPP Data
Scott H Lancaster MD PA is a corporation located at 1500 Bedford Drive in Midland, Texas that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Scott H Lancaster MD PA in Midland, TX received a Paycheck Protection Loan of $25,300 through Prosperity Bank, which was approved in April, 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, Scott H Lancaster MD PA'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, Scott H Lancaster MD PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Scott H Lancaster MD PA in Midland, TX
1500 Bedford Drive
Midland, TX 79701
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Midland
In the Midland area, 18 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $44,382 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Stephen Travis Roberts
Lewis M. Vasquez
Eight Energy Inc
The Kuper Consulting Group LLC
The Subsurface Library LTD
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 150% higher than Scott H Lancaster MD PA's reported 2 employees, and received an average PPP loan of $57,091, 126% higher than this company's loan of $25,300.
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Footnotes & Information
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