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PPP Loan Data — Shahzad Zaki, Wallingford, CT

SBA PPP loan data, payroll data, and salaries for Shahzad Zaki
CT

Shahzad Zaki

Entity: Limited Liability Company (LLC)

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Wallingford, CT

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Shahzad Zaki is a limited liability company (LLC) located in Wallingford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $6,110.00 in March, 2021.

The company has reported itself as an Asian male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #8293408601

Loan Size:

$6,110

Jobs Retained:

1

Loan Approved:

2021-03-24

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Shahzad Zaki in Wallingford, CT received a Paycheck Protection Loan of $6,110 through Bank of America, National Association, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Shahzad Zaki reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $6,106
  • Utilities: $1

Business Information - Shahzad Zaki in Wallingford, CT

Shahzad Zaki
Wallingford, CT
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

New Haven County, CT — SBA Office 0156 — Congressional District: CT-03

Similar Companies near Wallingford

In the Wallingford area, 25 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 1) and received an average PPP loan of $243,105 (compared to this company's $6,110).

Industry PPP Comparison Statistics

Nationwide, 176,427 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B 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, 1000% higher than Shahzad Zaki's reported 1 employees, and received an average PPP loan of $119,313, 1853% higher than this company's loan of $6,110.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/shahzad-zaki-wallingford-ct