PPP Loan Data — Seisa Medical Inc, El Paso, TX
Seisa Medical Inc is a corporation located at 9005 Montana Ave in El Paso, Texas that received a Coronavirus-related PPP loan from the SBA of $1,642,656.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Western Heritage Bank
Seisa Medical Inc in El Paso, TX received a Paycheck Protection Loan of $1.64M through Western Heritage 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 February, 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, Seisa Medical Inc's 2019 payroll expenses are estimated to be at least $7.88M.
Based on their reported 94 jobs retained, this equals an estimated average yearly compensation of $83,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Seisa Medical Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,642,656
Business Information - Seisa Medical Inc in El Paso, TX
9005 Montana Ave
El Paso, TX 79925
Surgical and Medical Instrument Manufacturing
NAICS code 339112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,435 businesses in the "Surgical and Medical Instrument Manufacturing" industry received a total of $858.13M 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 18 employees, 81% lower than Seisa Medical Inc's reported 94 employees, and received an average PPP loan of $249,819, 85% lower than this company's loan of $1.64M.
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Footnotes & Information
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