PA

William A Tuffiash MD PC

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Allentown, PA

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William A Tuffiash MD PC is a corporation located at 1251 S Cedar Crest Blvd Ste 107c in Allentown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $52,592.00 in March, 2021.

$ PPP Loan Information Loan #5677818503

William A Tuffiash MD PC in Allentown, PA received a Paycheck Protection Loan of $52,592 through Wells Fargo Bank, National Association, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $52,592 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

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, William A Tuffiash MD PC's 2019 payroll expenses are estimated to be at least $252,442.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $63,111 per employee¹

Reported PPP Proceed Usage:

On the PPP application, William A Tuffiash MD PC reported intending to use the proceeds of their PPP loan for the following expenses:

• Payroll: $52,589
• Utilities: $1

Business Information - William A Tuffiash MD PC in Allentown, PA

Similar Companies near Allentown

In the Allentown area, 78 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 4) and received an average PPP loan of $334,113 (compared to this company's $52,592).

Industry PPP Comparison Statistics

Nationwide, 166,360 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20,497,104,478.00 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, 175% higher than William A Tuffiash MD PC's reported 4 employees, and received an average PPP loan of $123,209, 134% higher than this company's loan of $52,592.