PPP Loan Data — Stephen V Hamn MD PA, Plano, TX
Stephen V Hamn MD PA
Entity: Professional Association
Location: Plano, TXTweet This • Search All PPP Data
Stephen V Hamn MD PA is a professional association located at 3108 Midway Rd Ste 204 in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $25,005.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Stephen V Hamn MD PA in Plano, TX received a Paycheck Protection Loan of $25,005 through Bank of America, National Association, which was approved in May, 2020.
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 April, 2021.
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 V Hamn MD PA's 2019 payroll expenses are estimated to be at least $120,024.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,012 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stephen V Hamn MD PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,005
Business Information - Stephen V Hamn MD PA in Plano, TX
3108 Midway Rd Ste 204
Plano, TX 75093
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: Urban
Similar Companies near Plano
In the Plano area, 353 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 2) and received an average PPP loan of $101,491 (compared to this company's $25,005).
Similar Nearby Businesses Who Received PPP Funding:
Sonterra Health Management LLC
James Cleo Walter, II MD, PA
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Pediatric Associates Of North Dallas PLLC (Formerly North Da
Natalie A Wright MD PLLC
Loma Linda Medical Clinic PLLC
DR. Ken Mcgill, Lmft
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, 450% higher than Stephen V Hamn MD PA's reported 2 employees, and received an average PPP loan of $119,087, 376% higher than this company's loan of $25,005.
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