PPP Loan Data — Tecumseh Anesthesia, Raleigh, NC
Entity: Limited Liability Company (LLC)
Location: Raleigh, NCTweet This • Search All PPP Data
Tecumseh Anesthesia is a limited liability company (LLC) located in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $20,800.00 in April, 2020.
The company has reported itself as an Asian male veteran owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Fidelity Bank
Tecumseh Anesthesia in Raleigh, NC received a Paycheck Protection Loan of $20,800 through The Fidelity Bank, which was approved in April, 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 January, 2021.
Reported PPP Proceed Usage:
On the PPP application, Tecumseh Anesthesia reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,800
Business Information - Tecumseh Anesthesia in Raleigh, NC
* Full address is redacted to protect the privacy of individuals.
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Raleigh
In the Raleigh area, 71 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 1) and received an average PPP loan of $313,344 (compared to this company's $20,800).
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Mary J Forbes MD PLLC
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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, 1000% higher than Tecumseh Anesthesia's reported 1 employees, and received an average PPP loan of $119,087, 473% higher than this company's loan of $20,800.
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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