PPP Loan Data — The Animal Medical Hospital Of Centereach, Centereach, NY
The Animal Medical Hospital Of Centereach is a sole proprietorship located at 2425 Middle Country Road in Centereach, New York that received a Coronavirus-related PPP loan from the SBA of $45,837.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
The Animal Medical Hospital Of Centereach in Centereach, NY received a Paycheck Protection Loan of $45,837 through Cross River Bank, 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, The Animal Medical Hospital Of Centereach's 2019 payroll expenses are estimated to be at least $220,018.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,446 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Animal Medical Hospital Of Centereach reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,837
Business Information - The Animal Medical Hospital Of Centereach in Centereach, NY
2425 Middle Country Road
Centereach, NY 11720
NAICS code 541940
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Centereach
In the Centereach area, 3 businesses in the "Veterinary Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 9) and received an average PPP loan of $45,017 (compared to this company's $45,837).
Similar Nearby Businesses Who Received PPP Funding:
Long Island Equine Medical
Sito Animal Hospital PC
Industry PPP Comparison Statistics
Nationwide, 21,908 businesses in the "Veterinary Services" industry received a total of $2.01B 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, 33% higher than The Animal Medical Hospital Of Centereach's reported 9 employees, and received an average PPP loan of $91,913, 101% higher than this company's loan of $45,837.
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Footnotes & Information
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