PPP Loan Data — Stephen E Lin, Honolulu, HI
Stephen E Lin
Entity: Sole Proprietorship
Location: Honolulu, HITweet This • Search All PPP Data
Stephen E Lin is a sole proprietorship located at 1319 Punahou St 500 in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $46,074.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Hawaiian Bank
Stephen E Lin in Honolulu, HI received a Paycheck Protection Loan of $46,074 through First Hawaiian Bank, 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, Stephen E Lin's 2019 payroll expenses are estimated to be at least $221,155.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,289 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stephen E Lin reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,074
Business Information - Stephen E Lin in Honolulu, HI
1319 Punahou St 500
Honolulu, HI 96826
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: Y
Rural / Urban: Urban
Similar Companies near Honolulu
In the Honolulu area, 65 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $86,063 (compared to this company's $46,074).
Similar Nearby Businesses Who Received PPP Funding:
Nora M. Y. Chan OD., Inc
Cormack Physician Practice Management
Keith T Matsumoto MD Inc
Linda Berkley Eddo MD
Douglas K. Kwock, MD, Inc
Christine M. Rogers, PT, Inc
Cheryl Lynn T Rudy MD Inc
Linda Berkley Eddo
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, 175% higher than Stephen E Lin's reported 4 employees, and received an average PPP loan of $119,087, 158% higher than this company's loan of $46,074.
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