PPP Loan Data — Southeastern Neurology Inc, Lumberton, NC
Southeastern Neurology Inc
Entity: Subchapter S Corporation
Location: Lumberton, NCTweet This • Search All PPP Data
Southeastern Neurology Inc is a subchapter s corporation located in Lumberton, North Carolina that received a Coronavirus-related PPP loan from the SBA of $20,832.00 in January, 2021.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Loyal Trust Bank
Southeastern Neurology Inc in Lumberton, NC received a Paycheck Protection Loan of $20,832 through Loyal Trust Bank, which was approved in January, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.
Reported PPP Proceed Usage:
On the PPP application, Southeastern Neurology Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,828
- Utilities: $1
Business Information - Southeastern Neurology Inc in Lumberton, NC
* Full address is redacted to protect the privacy of individuals.
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: N
Rural / Urban: Rural
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Southeastern Neurology Inc.
The 24 Trinity Group LLC
Offices of Real Estate Agents and Brokers
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 1) and received an average PPP loan of $73,622 (compared to this company's $20,832).
Similar Nearby Businesses Who Received PPP Funding:
Carolina Acute Care & Wellness Center, PA
Lumberton Radiology Consultants PLLC
Robeson Digestive Diseases
Robeson Family Healthcare, PC>
Allen Orthopedics And Physical Therapy
Campbell Ear Nose And Throat PA
Lumberton Internal Medicine Group PA
Southeastern Pathology, PA
Carolina Infectious Diseases Consultants PC
Industry PPP Comparison Statistics
Nationwide, 176,427 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B 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, 1000% higher than Southeastern Neurology Inc's reported 1 employees, and received an average PPP loan of $119,313, 473% higher than this company's loan of $20,832.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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