PPP Loan Data — Welch And Yonkers LLC, Washington, DC
Welch And Yonkers LLC
Entity: Sole Proprietorship
Location: Washington, DCTweet This • Search All PPP Data
Welch And Yonkers LLC is a sole proprietorship located at 1900 L Street Nw Suite 740 in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $25,491.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Welch And Yonkers LLC in Washington, DC received a Paycheck Protection Loan of $25,491 through Wells Fargo Bank, National Association, 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, Welch And Yonkers LLC's 2019 payroll expenses are estimated to be at least $122,357.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,786 per employee1
Reported PPP Proceed Usage:
On the PPP application, Welch And Yonkers LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,491
Business Information - Welch And Yonkers LLC in Washington, DC
1900 L Street Nw Suite 740
Washington, DC 20036
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 29 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $43,022 (compared to this company's $25,491).
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Industry PPP Comparison Statistics
Nationwide, 64,105 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.47B 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 5 employees, 67% higher than Welch And Yonkers LLC's reported 3 employees, and received an average PPP loan of $38,577, 51% higher than this company's loan of $25,491.
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