PPP Loan Data — Wahid Medical PLLC, Jamaica, NY
Wahid Medical PLLC
Entity: Limited Liability Company (LLC)
Location: Jamaica, NYTweet This • Search All PPP Data
Wahid Medical PLLC is a limited liability company (LLC) located at 8316 168th Pl in Jamaica, New York that received a Coronavirus-related PPP loan from the SBA of $46,250.00 in May, 2020.
The company has reported itself as an Asian male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Wahid Medical PLLC in Jamaica, NY received a Paycheck Protection Loan of $46,250 through JPMorgan Chase 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 May, 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, Wahid Medical PLLC's 2019 payroll expenses are estimated to be at least $222,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wahid Medical PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,000
- Utilities: $1,450
- Rent: $7,800
Business Information - Wahid Medical PLLC in Jamaica, NY
8316 168th Pl
Jamaica, NY 11432
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jamaica
In the Jamaica area, 7 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 6) and received an average PPP loan of $47,523 (compared to this company's $46,250).
Similar Nearby Businesses Who Received PPP Funding:
Pancare Medical PC
Excel Medical PC
Thompson Medical, PC
Safe Medical Care PLLC
Safe Health Medical Care, PLLC
Mesbah Medical PC
Industry PPP Comparison Statistics
Nationwide, 18,626 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B 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, 100% higher than Wahid Medical PLLC's reported 6 employees, and received an average PPP loan of $88,620, 92% higher than this company's loan of $46,250.
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