PPP Loan Data — Women Care Clinic, Inc., South Charleston, WV
Women Care Clinic, Inc.
Location: South Charleston, WVTweet This • Search All PPP Data
Women Care Clinic, Inc. is a corporation located at 4803 Kentucky Street in South Charleston, West Virginia that received a Coronavirus-related PPP loan from the SBA of $78,345.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least eight people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITY NATIONAL BANK OF WEST VIRGINIA
Women Care Clinic, Inc. received a Paycheck Protection Loan of $78,345 through CITY NATIONAL BANK OF WEST VIRGINIA, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Women Care Clinic, Inc.'s total 2019 payroll expenses were approximately $376,056 in order to qualify for the PPP loan amount received.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $47,007 per employee1.
Business Information - Women Care Clinic, Inc. in South Charleston, WV
4803 Kentucky Street
South Charleston, WV 25303
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: WV-02
Similar Companies near South Charleston
In the South Charleston area, 53 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 8) and received an average PPP loan of $220,052 (compared to this company's $78,345).
Similar Nearby Businesses Who Received PPP Funding:
F & F Garmany, Inc.
Capitol Massage, Inc.
Bandak Plastic Surgery, PLLC
Thoracic & Cardiovascular Assoc Inc
Mountaineer Family Medicine Inc
Cabin Creek Health Systems, Inc.
Renal Consultants P L L C
South Charleston, WV
H Richard Reynolds, MD
Trinity Cardiology, Inc.
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 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 10 employees, 25% higher than Women Care Clinic, Inc.'s reported 8 employees, and received an average PPP loan of $138,136, 76% higher than this company's loan of $78,345.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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