PPP Loan Data — The Pathology Center Inc, Bellefontaine, OH
The Pathology Center Inc is a corporation located at 1971 County Road 12 in Bellefontaine, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
The Pathology Center Inc in Bellefontaine, OH received a Paycheck Protection Loan of $25,000 through PNC Bank, National Association, which was approved in May, 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 April, 2021.
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 Pathology Center Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Pathology Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - The Pathology Center Inc in Bellefontaine, OH
1971 County Road 12
Bellefontaine, OH 43311
NAICS code 621511
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,753 businesses in the "Medical Laboratories" industry received a total of $848.85M 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 14 employees, 600% higher than The Pathology Center Inc's reported 2 employees, and received an average PPP loan of $147,548, 490% higher than this company's loan of $25,000.
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Footnotes & Information
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