PPP Loan Data — Webb Family Medical Clinic PLLC, Water Valley, MS
Webb Family Medical Clinic PLLC
Entity: Limited Liability Company (LLC)
Location: Water Valley, MSTweet This • Search All PPP Data
Webb Family Medical Clinic PLLC is a limited liability company (LLC) located at 405 N Main St in Water Valley, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Holly Springs
Webb Family Medical Clinic PLLC in Water Valley, MS received a Paycheck Protection Loan of $25,200 through Bank of Holly Springs, 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 March, 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, Webb Family Medical Clinic PLLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, Webb Family Medical Clinic PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Webb Family Medical Clinic PLLC in Water Valley, MS
405 N Main St
Water Valley, MS 38965
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
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, 267% higher than Webb Family Medical Clinic PLLC's reported 3 employees, and received an average PPP loan of $119,087, 373% higher than this company's loan of $25,200.
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Footnotes & Information
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