PPP Loan Data — Sheila Debnath MD Inc, Glendane, CA
Sheila Debnath MD Inc
Location: Glendane, CATweet This • Search All PPP Data
Sheila Debnath MD Inc is a corporation located at 1220 S Central Ave Suite 105 in Glendane, California that received a Coronavirus-related PPP loan from the SBA of $46,049.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Sheila Debnath MD Inc in Glendane, CA received a Paycheck Protection Loan of $46,049 through Wells Fargo Bank, National Association, 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, Sheila Debnath MD Inc's 2019 payroll expenses are estimated to be at least $221,035.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,576 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sheila Debnath MD Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,049
Business Information - Sheila Debnath MD Inc in Glendane, CA
1220 S Central Ave Suite 105
Glendane, CA 91204
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Glendane
In the Glendane area, 149 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 7) and received an average PPP loan of $106,942 (compared to this company's $46,049).
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Harout D. Mesrobian, MD., A Medical Corporation
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, 57% higher than Sheila Debnath MD Inc's reported 7 employees, and received an average PPP loan of $119,087, 159% higher than this company's loan of $46,049.
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