PPP Loan Data — Wilmington Health, PLLC, Wilmington, NC
Wilmington Health, PLLC
Entity: Limited Liability Company (LLC)
Location: Wilmington, NCTweet This • Search All PPP Data
Wilmington Health, PLLC is a limited liability company (LLC) located at 1202 Medical Center Dr in Wilmington, North Carolina that received a Coronavirus-related PPP loan from the SBA of $9,086,942.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:BankChampaign, National Association
Wilmington Health, PLLC in Wilmington, NC received a Paycheck Protection Loan of $9.09M through BankChampaign, 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, Wilmington Health, PLLC's 2019 payroll expenses are estimated to be at least $43.62M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $87,235 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wilmington Health, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,815,207
- Utilities: $1,135,868
- Rent: $1,135,868
Business Information - Wilmington Health, PLLC in Wilmington, NC
1202 Medical Center Dr
Wilmington, NC 28401
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Wilmington
In the Wilmington area, 50 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 500) and received an average PPP loan of $420,110 (compared to this company's $9.09M).
Similar Nearby Businesses Who Received PPP Funding:
Atlantic Neurosurgical & Spine Specialists, PA
Coastal Urology, PLLC
Promina Health PC
Moore Orthopaedics PA
Seashore Women's Health, PLLC
Coastal Children's Services PLLC
Wilmington Internal Medicine PA
Azalea Gynecology PA
Botros & Pollock, PA
Industry PPP Comparison Statistics
Nationwide, 166,222 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20.52B 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, 98% lower than Wilmington Health, PLLC's reported 500 employees, and received an average PPP loan of $123,474, 99% lower than this company's loan of $9.09M.
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Footnotes & Information
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