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PPP Loan Data — Virginia Child Neurology Assoc. PC,
Richmond, VA
Virginia Child Neurology Assoc. PC
Entity: Corporation
Industry: Offices of Physicians, Mental Health Specialists
Location: Richmond, VA
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Virginia Child Neurology Assoc. PC is a corporation located at 2114 Dabney Rd Ste E in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $35,125.00 in February, 2021.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
$
PPP Loan Information
Loan #7504568403
Loan Size:
Jobs Retained:
6Loan Approved:
2021-02-12Loan Status:
Ongoing LoanLender:
Village BankVirginia Child Neurology Assoc. PC in Richmond, VA received a Paycheck Protection Loan of $35,125 through Village Bank, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Virginia Child Neurology Assoc. PC's 2019 payroll expenses are estimated to be at least $168,600.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $28,100 per employee1
Reported PPP Proceed Usage:
On the PPP application, Virginia Child Neurology Assoc. PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,123
- Utilities: $1
Business Information - Virginia Child Neurology Assoc. PC in Richmond, VA
2114 Dabney Rd Ste E
Richmond, VA 23230
Business Industry:
Offices of Physicians, Mental Health Specialists
NAICS code 621112
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Richmond
In the Richmond area, 9 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 6) and received an average PPP loan of $107,800 (compared to this company's $35,125).
Similar Nearby Businesses Who Received PPP Funding:
Health Brigade
Richmond, VA
Horace J Jackson MD PC
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Milestone Counseling Service
Richmond, VA
Musical Encounters Inc
Richmond, VA
Martha Mullen
Richmond, VA
Nami Central Virginia
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Richmond Integrative Psychiatric & Nutrition Services, LLC
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Industry PPP Comparison Statistics
Nationwide, 20,261 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1.67B 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 8 employees, 33% higher than Virginia Child Neurology Assoc. PC's reported 6 employees, and received an average PPP loan of $82,606, 135% higher than this company's loan of $35,125.
Virginia Child Neurology Assoc PC
Entity: Corporation
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Richmond, VA
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Virginia Child Neurology Assoc PC is a corporation located at 2114 Dabney Road in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $35,600.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.
$
PPP Loan Information
Loan #4391117106
Loan Size:
Jobs Retained:
10Loan Approved:
2020-04-13Loan Status:
Paid in Full or ForgivenLender:
Village BankVirginia Child Neurology Assoc PC in Richmond, VA received a Paycheck Protection Loan of $35,600 through Village Bank, which was approved in April, 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 February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Virginia Child Neurology Assoc PC's 2019 payroll expenses are estimated to be at least $170,880.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $17,088 per employee1
Reported PPP Proceed Usage:
On the PPP application, Virginia Child Neurology Assoc PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,600
Business Information - Virginia Child Neurology Assoc PC in Richmond, VA
2114 Dabney Road
Richmond, VA 23230
Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Richmond
In the Richmond area, 19 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 10) and received an average PPP loan of $428,182 (compared to this company's $35,600).
Similar Nearby Businesses Who Received PPP Funding:
Commonwealth Dermatology P C
Richmond, VA
Monument Avenue Pediatrics PC
Richmond, VA
Jesse Kidd
Richmond, VA
Commonwealth Radiology
Richmond, VA
Commonwealth Dermatology, PC
Richmond, VA
Gastrointestinal Specialists, Inc
Richmond, VA
LEI Charlton MD PC
Richmond, VA
Benjamin Seeman, DO, LLC
Richmond, VA
Industry PPP Comparison Statistics
Nationwide, 174,679 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20.96B 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, 10% higher than Virginia Child Neurology Assoc PC's reported 10 employees, and received an average PPP loan of $119,974, 237% higher than this company's loan of $35,600.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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