PPP Loan Data — Wood MD., PA., Inc, Russellville, AR
Wood MD., PA., Inc
Location: Russellville, ARTweet This • Search All PPP Data
Wood MD., PA., Inc is a corporation located at 1605 West Main St in Russellville, Arkansas that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Wood MD., PA., Inc in Russellville, AR received a Paycheck Protection Loan of $46,500 through Arvest Bank, which was approved in April, 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, Wood MD., PA., Inc's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,400 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wood MD., PA., Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,500
Business Information - Wood MD., PA., Inc in Russellville, AR
1605 West Main St
Russellville, AR 72801
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: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Russellville
In the Russellville area, 20 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 3) and received an average PPP loan of $66,394 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
Monfee Medical Clinic, PA
William J Helms MD PA
Thomas Medical Services PA
Wellness Centers Of Midamerica, PLLC
Notto Chiropractic Health Center, Inc
Hughes Cancer Care LTD
SR Cardiology Associates Inc
Russellville Pediatric & Adolescent Clinic, PA
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 Wood MD., PA., Inc's reported 3 employees, and received an average PPP loan of $119,087, 156% higher than this company's loan of $46,500.
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Footnotes & Information
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