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PPP Loan Data — Stephen Massimi MD PC,
Stamford, CT
Stephen Massimi MD PC
Entity: Corporation
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Stamford, CT
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Stephen Massimi MD PC is a corporation located at 1 Blachley Rd in Stamford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $36,662.00 in March, 2021.
$
PPP Loan Information
Loan #3695608602
Loan Size:
Jobs Retained:
3Loan Approved:
2021-03-17Loan Status:
Active Un-DisbursedLender:
Itria Ventures LLCStephen Massimi MD PC in Stamford, CT received a Paycheck Protection Loan of $36,662 through Itria Ventures LLC, which was approved in March, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $36,662 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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 Massimi MD PC's 2019 payroll expenses are estimated to be at least $175,978.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $58,659 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stephen Massimi MD PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,657
- Utilities: $1
Business Information - Stephen Massimi MD PC in Stamford, CT
1 Blachley Rd
Stamford, CT 6902
Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Stamford
In the Stamford area, 48 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 3) and received an average PPP loan of $113,449 (compared to this company's $36,662).
Similar Nearby Businesses Who Received PPP Funding:
Gastroenterology/Hepatology Associates, LLC
Stamford, CT
Rainbow Pediatrics LLC
Stamford, CT
Harold S. Gewirtz,MD
Stamford, CT
C.aRE. Health And Wellness Center LLC
Stamford, CT
Revitalize Wellness Center, LLC
Stamford, CT
Retina Associates Of Connecticut PC
Stamford, CT
Revitalize Wellness Center LLC
Stamford, CT
Hematology Oncology PC
Stamford, CT
Dale H. Anderson, MD PC
Stamford, CT
Industry PPP Comparison Statistics
Nationwide, 166,222 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20.52B 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, 267% higher than Stephen Massimi MD PC's reported 3 employees, and received an average PPP loan of $123,474, 237% higher than this company's loan of $36,662.
Stephen Massimi MD PC
Entity: Corporation
Industry: All Other Professional, Scientific, and Technical Services
Location: Stamford, CT
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Stephen Massimi MD PC is a corporation located at 1 Blachley Rd in Stamford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $34,535.00 in May, 2020.
$
PPP Loan Information
Loan #8783457307
Loan Size:
Jobs Retained:
3Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
WebBankStephen Massimi MD PC in Stamford, CT received a Paycheck Protection Loan of $34,535 through WebBank, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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 Massimi MD PC's 2019 payroll expenses are estimated to be at least $165,768.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $55,256 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stephen Massimi MD PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,535
Business Information - Stephen Massimi MD PC in Stamford, CT
1 Blachley Rd
Stamford, CT 6902
Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Stamford
In the Stamford area, 66 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 3) and received an average PPP loan of $127,921 (compared to this company's $34,535).
Similar Nearby Businesses Who Received PPP Funding:
Priocom LLC
Stamford, CT
Krepak Consulting Engineers LLC
Stamford, CT
Fletcher Knight Inc
Stamford, CT
K.l. Consulting Associates LLC
Stamford, CT
Bicadoro LTD
Stamford, CT
Ismail Alarbre
Stamford, CT
Alena Kerins
Stamford, CT
Kemry Hills Landscaping, LLC
Stamford, CT
Tyton Partners Capital Markets LLC
Stamford, CT
Industry PPP Comparison Statistics
Nationwide, 110,498 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 100% higher than Stephen Massimi MD PC's reported 3 employees, and received an average PPP loan of $63,335, 83% higher than this company's loan of $34,535.
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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