PPP Loan Data — Telomere, Matthews, NC
Entity: Limited Liability Company (LLC)
Location: Matthews, NCTweet This • Search All PPP Data
Telomere is a limited liability company (LLC) located at 9723 Northeast Parkway Suite 100 in Matthews, North Carolina that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MBE Capital Partners
Telomere in Matthews, NC received a Paycheck Protection Loan of $46,500 through MBE Capital Partners, which was approved in July, 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, Telomere's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,400 per employee1
Reported PPP Proceed Usage:
On the PPP application, Telomere reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,500
Business Information - Telomere in Matthews, NC
9723 Northeast Parkway Suite 100
Matthews, NC 28105
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 Matthews
In the Matthews area, 35 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 3) and received an average PPP loan of $117,712 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
ANI Neurology PLLC
Southern Pain & Spine Specialists, PLLC
Liberty Family Physicians PLLC
Matthews Internal Medicine, PLLC
Rhemacare Internal Medicine, PC
Matthews Free Medical Cli
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, 267% higher than Telomere's reported 3 employees, and received an average PPP loan of $119,087, 156% higher than this company's loan of $46,500.
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Footnotes & Information
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