PPP Loan Data — Southeastern Integrated Care, LLC, Lumberton, NC
Southeastern Integrated Care, LLC
Location: Lumberton, NCTweet This • Search All PPP Data
Southeastern Integrated Care, LLC is a corporation located at 3005 N Elm Street in Lumberton, North Carolina that received a Coronavirus-related PPP loan from the SBA of $45,920.00 in May, 2020.
The company has reported itself as a Black or african american male veteran owned business, and employed at least 25 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Southeastern Integrated Care, LLC in Lumberton, NC received a Paycheck Protection Loan of $45,920 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, Southeastern Integrated Care, LLC's 2019 payroll expenses are estimated to be at least $220,416.
Based on their reported 25 jobs retained, this equals an estimated average yearly compensation of $8,817 per employee1
Reported PPP Proceed Usage:
On the PPP application, Southeastern Integrated Care, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,920
Business Information - Southeastern Integrated Care, LLC in Lumberton, NC
3005 N Elm Street
Lumberton, NC 28358
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Race: Black or African American
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Lumberton
In the Lumberton area, 17 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 25) and received an average PPP loan of $73,622 (compared to this company's $45,920).
Similar Nearby Businesses Who Received PPP Funding:
Southeastern Pathology, PA
Robeson Pediatrics, PA
Allen Orthopedics And Physical Therapy
Robeson Family Healthcare, PC>
Robeson Digestive Diseases
Lumberton Internal Medicine Group PA
Campbell Ear Nose And Throat PA
Carolina Infectious Diseases Consultants PC
Hiren R. Patel, MD., PC
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, 56% lower than Southeastern Integrated Care, LLC's reported 25 employees, and received an average PPP loan of $119,087, 159% higher than this company's loan of $45,920.
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