PPP Loan Data — SMA Medical, Inc.-Sba Small 7A Term, Feasterville, PA
SMA Medical, Inc.-Sba Small 7A Term is a corporation located at 940 Pennsylvania Blvd in Feasterville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,125,298.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
SMA Medical, Inc.-Sba Small 7A Term in Feasterville, PA received a Paycheck Protection Loan of $2.13M through TD 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, SMA Medical, Inc.-Sba Small 7A Term's 2019 payroll expenses are estimated to be at least $10.2M.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $34,005 per employee1
Reported PPP Proceed Usage:
On the PPP application, SMA Medical, Inc.-Sba Small 7A Term reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,125,298
Business Information - SMA Medical, Inc.-Sba Small 7A Term in Feasterville, PA
940 Pennsylvania Blvd
Feasterville, PA 19053
NAICS code 621511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,753 businesses in the "Medical Laboratories" industry received a total of $848.85M 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 14 employees, 95% lower than SMA Medical, Inc.-Sba Small 7A Term's reported 300 employees, and received an average PPP loan of $147,548, 93% lower than this company's loan of $2.13M.
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Footnotes & Information
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