PPP Loan Data — Thomas P Melancon MD LLC, Marrero, LA
Thomas P Melancon MD LLC
Entity: Limited Liability Partnership
Location: Marrero, LATweet This • Search All PPP Data
Thomas P Melancon MD LLC is a limited liability partnership located at 4700 Wichers Suite 204 in Marrero, Louisiana that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Home Bank
Thomas P Melancon MD LLC in Marrero, LA received a Paycheck Protection Loan of $25,000 through First Home 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, Thomas P Melancon MD LLC'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, Thomas P Melancon MD LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Thomas P Melancon MD LLC in Marrero, LA
4700 Wichers Suite 204
Marrero, LA 70072
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Marrero
In the Marrero area, 56 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 2) and received an average PPP loan of $161,855 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Louisiana Rehabilitation And Spine Institute, LLC
A Weiser Healing/ A Weiser Way
Culicchia Neurological Clinic LLC
Westside Eye Clinic
Foot And Ankle Center, LLC
Marc Alan Fisher, MD
DR. Shaunda Jones MD. LLC
West Jefferson Mri LLC
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, 450% higher than Thomas P Melancon MD LLC's reported 2 employees, and received an average PPP loan of $119,087, 376% higher than this company's loan of $25,000.
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