PPP Loan Data — South Shore Neurologic Assoicates, Islip, NY
South Shore Neurologic Assoicates
Entity: Subchapter S Corporation
Location: Islip, NYTweet This • Search All PPP Data
South Shore Neurologic Assoicates is a subchapter s corporation located at 712 Main Street in Islip, New York that received a Coronavirus-related PPP loan from the SBA of $2,590,000.00 in April, 2020.
$ PPP Loan Information
Lender:HSBC BANK USA, NATIONAL ASSOCIATION
South Shore Neurologic Assoicates in Islip, NY received a Paycheck Protection Loan of $2.59M through HSBC BANK USA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, South Shore Neurologic Assoicates' total 2019 payroll expenses were approximately $12.43M in order to qualify for the PPP loan amount received.
Based on their reported 233 jobs retained, this equals an estimated average yearly compensation of $53,356 per employee1.
Business Information - South Shore Neurologic Assoicates in Islip, NY
712 Main Street
Islip, NY 11751
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-02
Similar Companies near Islip
In the Islip area, 9 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 233) and received an average PPP loan of $333,581 (compared to this company's $2.59M).
Similar Nearby Businesses Who Received PPP Funding:
Islip Pediatrics PC
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Harvey J Miller MD
Gloria Escobar MD DBA Islip Family Pracitce
Island Medical Services, PC
Mzserina Holistic Solutions Inc
Islip Terrace, NY
Islip Terrace, NY
Contemporary Medical Services PC
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 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 10 employees, 96% lower than South Shore Neurologic Assoicates' reported 233 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.59M.
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