PPP Loan Data — Story Family Medicine, Port Charlotte, FL
Story Family Medicine
Entity: Sole Proprietorship
Location: Port Charlotte, FLTweet This • Search All PPP Data
Story Family Medicine is a sole proprietorship located at 17912 Toledo Blade Blvd Suite A in Port Charlotte, Florida that received a Coronavirus-related PPP loan from the SBA of $45,762.00 in May, 2020.
The company has reported itself as a male veteran owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Story Family Medicine in Port Charlotte, FL received a Paycheck Protection Loan of $45,762 through JPMorgan Chase 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, Story Family Medicine's 2019 payroll expenses are estimated to be at least $219,658.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $54,915 per employee1
Reported PPP Proceed Usage:
On the PPP application, Story Family Medicine reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,321
- Utilities: $5,212
- Rent: $5,112
- Debt Interest: $1,117
Business Information - Story Family Medicine in Port Charlotte, FL
17912 Toledo Blade Blvd Suite A
Port Charlotte, FL 33948
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 18,626 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 200% higher than Story Family Medicine's reported 4 employees, and received an average PPP loan of $88,620, 94% higher than this company's loan of $45,762.
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