PPP Loan Data — Terry Meriden, MD., SC. DBA Thyroid & Metabolism Clini, Peoria, IL
Terry Meriden, MD., SC. DBA Thyroid & Metabolism Clini is a sole proprietorship located at 900 Main St Suite 300 in Peoria, Illinois that received a Coronavirus-related PPP loan from the SBA of $47,145.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Terry Meriden, MD., SC. DBA Thyroid & Metabolism Clini in Peoria, IL received a Paycheck Protection Loan of $47,145 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, Terry Meriden, MD., SC. DBA Thyroid & Metabolism Clini's 2019 payroll expenses are estimated to be at least $226,296.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $28,287 per employee1
Reported PPP Proceed Usage:
On the PPP application, Terry Meriden, MD., SC. DBA Thyroid & Metabolism Clini reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,145
Business Information - Terry Meriden, MD., SC. DBA Thyroid & Metabolism Clini in Peoria, IL
900 Main St Suite 300
Peoria, IL 61602
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Terry Meriden, MD., SC. DBA Thyroid & Metabolism Clini's reported 8 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $47,145.
FederalPay's PPP Information Policy
Footnotes & Information
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