PPP Loan Data — Sleep Lab For Children & Adults Inc, Midlothian, VA
Sleep Lab For Children & Adults Inc is a corporation located at 1340 Alverser Plaza in Midlothian, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,330.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens and Farmers Bank
Sleep Lab For Children & Adults Inc in Midlothian, VA received a Paycheck Protection Loan of $25,330 through Citizens and Farmers Bank, which was approved in April, 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, Sleep Lab For Children & Adults Inc's 2019 payroll expenses are estimated to be at least $121,584.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,528 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sleep Lab For Children & Adults Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,330
Business Information - Sleep Lab For Children & Adults Inc in Midlothian, VA
1340 Alverser Plaza
Midlothian, VA 23113
All Other Outpatient Care Centers
NAICS code 621498
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Midlothian
In the Midlothian area, 4 businesses in the "All Other Outpatient Care Centers" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 3) and received an average PPP loan of $87,221 (compared to this company's $25,330).
Similar Nearby Businesses Who Received PPP Funding:
Greater Unity Adult Services
Prventive Foot Care, Inc
Industry PPP Comparison Statistics
Nationwide, 20,239 businesses in the "All Other Outpatient Care Centers" industry received a total of $1.82B 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 9 employees, 200% higher than Sleep Lab For Children & Adults Inc's reported 3 employees, and received an average PPP loan of $90,010, 255% higher than this company's loan of $25,330.
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Footnotes & Information
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