PPP Loan Data — Scott Kahan MD LLC, Washington, DC
Scott Kahan MD LLC
Entity: Limited Liability Company (LLC)
Location: Washington, DCTweet This • Search All PPP Data
Scott Kahan MD LLC is a limited liability company (LLC) located at 1020 19th St Nw Suite 450 in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $46,430.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Scott Kahan MD LLC in Washington, DC received a Paycheck Protection Loan of $46,430 through EagleBank, which was approved in May, 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, Scott Kahan MD LLC's 2019 payroll expenses are estimated to be at least $222,864.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,763 per employee1
Reported PPP Proceed Usage:
On the PPP application, Scott Kahan MD LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,430
Business Information - Scott Kahan MD LLC in Washington, DC
1020 19th St Nw Suite 450
Washington, DC 20036
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 101 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 9) and received an average PPP loan of $107,645 (compared to this company's $46,430).
Similar Nearby Businesses Who Received PPP Funding:
Mark M. Sklar, MD., PLLC
James J Lettenberger, MD
Yolanda Holmes MD PC
Center For Dermatology
Intimmedicine Specialists PC
Potomac Plastic Surgery PLLC
Travelers Medical Service LLC
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, 22% higher than Scott Kahan MD LLC's reported 9 employees, and received an average PPP loan of $119,087, 156% higher than this company's loan of $46,430.
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Footnotes & Information
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